August 15th, 2016
DOWNTOWN KINSTON REAL ESTATE ON THE MOVE
To encourage investors to take a look, Pride of Kinston has posted placards on several vacant buildings in the downtown which read: "This building is not empty. It is full of opportunity." Phone numbers of owners and/or real estate agencies are included on the poster.
A roster of all downtown buildings within the Municipal Service District is maintained in Pride's files.
A focus on downtown property movements and opportunities has long been a priority for Pride of Kinston. With owners' agreement and wishes, Pride's website contains a commercial properties' listing of buildings for lease and/or sale complete with brief descriptions and primary contact information.
A Pride door-to-door survey last year reported that vacant buildings in the downtown area represented "168,000 square feet of opportunity" for new owners/investors, according to Adrian King, director of Pride of Kinston.
Pride's newsletters and website, in recent weeks, have noted major renovation projects underway, and the fact that several notable buildings have been listed for sale or lease by owners and realtors here and elsewhere. For example:
- Christopher's Restaurant at 217 N. Queen Street;
- The building housing the Dunn-Dalton architectural firm at 401 N. Herritage;
- The former Overland Gallery space at 125 W. Blount Street for lease;
- The former BB&T Bank building at 612 N. Queen Street;
- The former Johnson Music Company/Jewel Box complex at 317-321 N. Queen;
- The former Greene's TV repair store at 323 N. Queen;
- The former ENC Psychological Services building at 304 N. Queen for lease;
A recent report also took note of major renovation projects underway downtown:
- The former Midtown Motor Lodge at 501 N. Herritage;
- The former Imperial Tobacco office building at 426 N. Herritage;
- The old Cobb Hotel building at 409 N. Queen;
- The old AA building at 200 N. Herritage;
A sampling of some of a few prominent vacant properties available to enterprising investors include:
- The old Caswell Hotel building at 110 S. Queen;
- The old Paramount Theater building at 211 N. Queen;
- The Demain Building at 106 W. Blount;
- The NOVA building at 105 N. Herritage;
A comprehensive list of vacant downtown buildings is maintained at the Pride office, 327 N. Queen Street.
On another front, a flyer promoting office opportunities within the Kinston Enterprise Center, owned by Pride of Kinston, is being circulated to potential customers in Pitt and Greene Counties. Pride's Economic and Property Development Committee oversees the Enterprise building needs and opportunities.
August 11th, 2016
KINSTON STATS SHOW CONTINUED GROWTH IN DOWNTOWN
While the rate of growth in Kinston's downtown slowed during 2015-2016, compared to the same period a year earlier, information recently supplied by local business owners and managers depicted continued development in the city's main business corridor.
Businesses reported that 42 new jobs were created in the downtown during the year, 28 full time and 14 part time jobs.
During the same 12-month period 2014-2015, downtown business reported a net gain of 98 new full time & part time positions.
One of the major downtown investment projects undertaken by the City of Kinston was for new water and sewer lines under Queen Street, the central corridor of the downtown.
According to information submitted July 29, 2016 to the North Carolina Main Street program by the Pride of Kinston, the report showed that four building rehabilitations were undertaken during the 12-month period, two façade projects were completed, three public improvement projects in Kinston's downtown were done. All in all, nearly $2 million was invested in downtown projects during the year.
Also Pride reported that four new businesses opened in downtown and one business expansion was noted July 1, 2015-June 30, 2016.
In another section of the report, Pride reported that the organization enjoyed the support of 266 volunteers during the year who gave 682 hours of help. Using the North Carolina rate for volunteered time, the associates contributed $14,922.00 of in kind services.
The Main Street program asks for information only on completed projects. But Pride notes that four substantial renovation projects are currently underway: the Midtown Motor Lodge at 501 N. Herritage, the former Imperial Tobacco Company office building at 426 N. Herritage, the old AA building at 200 N. Herritage and 409 N. Queen, the old Cobb Hotel building.
VISUAL IMPROVEMENT: The quarterly downtown Visual Improvement designation has been awarded to the Rick Holder Farmers Market Annex by Pride of Kinston's Design Committee. Acknowledging the award are Pat Jenkins (left), Farmers Market Manager; and Tammy Kelly, Lenoir County Cooperative Extension Director (right) in charge of the market. The vibrant mural on the annex was painted by North Carolina artist Jeremy Sams.
January 26th, 2016
OFFICE SPACE FOR LEASE IN DOWNTOWN KINSTON SMALL BUSINESS INCUBATOR
Downtown Kinston Small Business Incubator offers spaces for lease with shared receptionist and lobby.
Enticing new investors
Pride of Kinston is ramping up its efforts to attract new investors to the downtown business district.
A growing campaign to highlight properties available for lease or purchase details information about each under the Invest in Downtown site on Pride’s website.
A project of Pride’s Economic and Property Development committee headed by Stuart Lindley, buildings deemed to be in good condition and available for immediate use are candidates for the enlarged promotional effort.
The current listing includes:
• 109 S. Queen Street
• 317 N. Queen Street
• 311 N. Queen Street
"The vision of Pride of Kinston, Inc. is a downtown on the banks of the Neuse River that serves as the gateway to Eastern North Carolina. Our appreciation of history guides our future and promotes the magic to grow business, recreation, and the arts."
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What Is Pride of Kinston?
The mission of Pride of Kinston, Inc., established in 1984, is to lead downtown revitalization in Kinston using the Main Street approach developed by the National Trust for Historic Preservation, which promotes economic development within the context of historic preservation.
Pride of Kinston is one of 57 Main Street communities in North Carolina in a program coordinated by the North Carolina Department of Commerce, Division of Community Assistance. (www.nccommerce.com). For more information about Pride of Kinston, see About Pride.