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Spring Hope seeks developers for 2 downtown buildings

Posted on April 19, 2021

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The Spring Hope Board of Commissioners has approved a request for proposals for two town-owned buildings and is seeking developers who want to turn the empty storefronts into restaurants or retail outlets.

Lindell J. Kay | Enterprise

The Spring Hope Board of Commissioners has approved a request for proposals for two town-owned buildings and is seeking developers who want to turn the empty storefronts into restaurants or retail outlets.

lkay@springhopeenterprise.com | 252-265-8117

SPRING HOPE — Town commissioners have approved the sale of two downtown buildings, which would expand the town’s tax base and possibly strengthen the local economy.

Spring Hope officials would like to see the buildings developed into retail shops, restaurants, cafes or businesses offering personal and professional services. The two buildings, at 119 and 121 S. Ash St., were donated to the town in 2010.

The total value of 119 S. Ash is listed at $19,910 and 121 S. Ash is listed at $18,960, according to Nash County tax records.

“Although one of the buildings is in better condition than the other, both buildings would still need major costs invested into them to redevelop their uses,” Town Manager Jae Kim wrote in an April 5 memo to commissioners. The town lists 119 S. Ash St. as being in fair condition and 121 S. Ash St. in poor condition.

The buildings have some mold and moisture problems, roof conditions, water-stained ceilings and significant water damage to the floors, according to a contractor’s May 2019 assessment.

The town is set to issue a request for proposals and will review redevelopment plans for one or both buildings. The the Downtown Development Board and town staff will evaluate prospective investors’ plans and make recommendations to the Spring Hope Board of Commissioners.

“The town at its sole discretion is not obligated to accept any of the proposals for sale for either property. If all plans are unsatisfactory, another request for proposals may go out again at any point in the future,” Kim said.

Interested parties will be allowed to tour the properties. The town has set a schedule for the process, which is subject to changes.

• The request for proposals was due to be made available Thursday, April 15.

• Site visits will be scheduled for April 29-30.

• Questions regarding the request for proposals are due by May 14.

• Responses from town staff will be provided by May 18.

• The request for proposals will close June 25.

• The town will select a developer Aug. 2.

• An agreement will be finalized on or about Sept. 1.

More information about the town buildings is available at www.springhope.net/resources.

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