September - 2019

THE GOOD STUFF

High Point leaders break ground on $80 million development project

High Point leaders break ground on $80 million development project

HIGH POINT, N.C. -- One day after High Point University announced its 10-year growth plan, the city of High Point broke ground on an $80 million dollar development project. City leaders say it's a way to move the city forward. The BB&T Point will be at the center of it all. There will be five new buildings surrounding the park that will open up more choices for people to eat and shop. What is now open space around BB&T Point will be transformed into the 'Market Center' come n

'It's time to build'

'It's time to build'

Groundbreaking held for food hall building HIGH POINT — The developer overseeing the proposed retail, hotel and apartment projects outside BB&T Point stadium on Wednesday said dirt will soon be moving in preparation for the first building. Tim Elliott, managing partner of Maryland-based Elliott Sidewalk Communities, said construction on 275 North Elm, a mixed-use building that will include a food hall, is starting this week. “We should be going in real earnest in about a week

Stadium catalyst project hits a home run

The concept of a catalyst project to promote economic development was conceived by the City Council in late 2015 and the concept of a multiuse downtown stadium was introduced by the High Point CVB in early 2016. Forward High Point, Inc. was formed to study and implement the project and I had the honor of chairing that public/private organization for the last three years. Ray Gibbs has done a great job as our executive director. We solicited the assistance of Dr. Nido Qubein t

Five Emerging Markets for Hotel Investors

Five Emerging Markets for Hotel Investors

A new generation of hotel investment markets is on the rise as gateway cities get pricier. Quality hospitality investment opportunities in major markets have been more difficult to come by in recent years. Manhattan, Southern California, Northern California, Chicago, Boston, and South Florida have all seen a decrease in hotel transactions since peaking around 2011 and 2012, according to Real Capital Analytics (RCA), a research firm. High prices in first-tier cities are forcin

Peters Development joins multi-million-dollar project in High Point

Peters Development joins multi-million-dollar project in High Point

A late-inning roster addition has been made to the development team behind the multi-million dollar project taking place behind the BB&T Point baseball stadium in High Point. Elliott Sidewalk Communities, the chief developer constructing The Outfields – a three-story mixed use office building, apartments and hotel – announced today that Peters Development has invested in the first leg of the project. 275 North Elm will be home to a 12,000-square-foot first-floor food hall and