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The push to restore and renovate the former Desert Sand building
for mixed business/residential use in Uptown Roxboro is continuing.
Last month, the Roxboro Uptown Development Corporations
(RUDC) Economic Restructuring Committee (ERC) met to discuss
a strategy for the dilapidated facility on North Main Street.
During the Dec. 18 meeting, several actions were taken toward
restoring the facility, which currently has an estimated tax
value of $13,000.
In November, Steve Joyner, RUDCs executive director,
said conceptual drawings for the facility developed by architect
Phillip Kiester envison an upscale restaurant with seating
for 80 to 100 people on the main floor and two 1,350-square
foot apartments or condominiums on the top floor.
Following last months meeting of ERC, Joyner said,
We are going to go forward with the demolition work,
on the building. He added, We are going to try to do
a market analysis in order to figure out what exactly would
be a good fit in the building.
Former RUDC president and current board of directors member
Randy King said RUDC president Alan Hicks is to develop
a contract with Chip King and Howard Solomon for demolition
work on the facility. He went on to point out, We
determined this was necessary regardless of the direction
we went with the building.
Hicks said Friday he was working on an agreement with
some local contractors, regarding the demolition. He
went on to say that it was RUDCs desire to at
least get [the building] to a point where it does not present
a danger to itself.
According to King, Joyner was directed to contact area
business schools to see if we could generate interest in a
project that would result in a pro-forma for renovation of
the building as well as a market analysis for what should
be in the building.
King said ERC members specifically want to know if
high end apartments/condos and a high end restaurant is feasible
in this market.
A price tag for renovating the building was also discussed
at the December member, according to King.
We also discussed the estimated cost of such a project
assuming we would develop a restaurant on the street level
and condos on the second level, King said. The
estimated cost was around $750,000.
We discussed possible ways of financing such a project
or possible grants or tax credits, King continued. Our
general thought was the return on investment given the current
rental/lease rates may support a project like this, if the
cost were around $400,000.
That, King pointed out, brought on the discussion of attempting
to get an area university to perform a pro-forma study based
on market-driven opportunities and local ability to support
a project such as this.
King said that it was the belief of ERC members that a restored
Desert Sand facility would certainly boost uptown development
and we would like a study or a second opinion to support our
belief.
In an earlier interview, Joyner said RUDC was very
interested in talking with persons who might want to
buy a condo or partner on a restaurant.
We are also open to any private developers who might
be interested in this concept, Joyner said. RUDC
would be willing to donate the building and land to a private
developer who would take on the project and commit to similar
results.
Hicks said that would be the best-case scenario for
[RUDC].
Because the Desert Sand building is classified as a Certified
Historic Structure, it likely would likely qualify for 20
percent federal rehabilitation tax credits as well as 20 percent
state rehabilitation tax credits, according to Joyner.
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