June 14, 2006

  Volume 4, Number 24

Published in Wake Forest, NC

  Carol Pelosi, Publisher and Editor
 
 
 
 
 
 
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 Group plans first private
investment in Renaissance

             The Renaissance Investors Group made up of Mike Johnson, Matt Hale and Charles Grantham plan to begin reconstructing half of the north side of East Jones Avenue between South White and Brooks street late this summer.

            This will be the first substantial private investment in the Renaissance Plan for the downtown the town adopted last year.

            The first step will be to raze the two older buildings that now house jovi’s Kitchen and Market and John Lyon’s Appraisal House. The group has purchased the Lyon property, and jovi’s is under contract.

            Vivian Jones and Jonnie Anderson, jovi’s owners, plan to relocate later this month to The Cotton Company and downsize their operation. Lyon is relocating his business to extension of Ligon Mill Road west of South Main Street.

            The Renaissance group plans to build a four-story building with an underground garage for the tenants of the 18 to 20 condominiums on the upper floors. The ground floor will have commercial space.

            The plans are now being reviewed by town planners. “Because it matches the Renaissance Plan it only has to be approved by the planning department” and not go to the planning and town boards, Johnson said. “It’s what they have already designated for downtown.

            “A lot of the town folks, the administration, are excited about the project because it’s bringing more people into downtown,” Johnson said. “It will be within a block of the heart of downtown.”

            Kara Loftin, the former downtown manager, recruited the group, Johnson said.

            The building will have balconies for the condominiums, a communal courtyard in the back and a rooftop area for the tenants. The rooftop area is a feature of the Hale Building on South White which Hale built in 2001.

            “We want it to be first-class,” Johnson said.

 
Copyright © 2006
The Wake Forest Gazette
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