Posts filed under ‘PTAA Members in the News’

Chapel Hill Investment Group Buys Two Triad Properties

Prudent Growth Partners, based in Chapel Hill, has purchased two apartment communities in the Triad in the last month, one in Greensboro and one in Reidsville. From the Triad Business Journal:

Prudent Growth Partners has bought the Cambridge on Elm apartment complex in Greensboro for $1.26 million…

The property, which consists of 24 two-bedroom units and 12 one-bedroom units, is 95 percent occupied…

The acquisition is the second in two weeks in the Triad for Prudent, who purchased the Oakmont Apartments in Reidsville for $2.32 million on June 15.


July 6, 2016 at 10:04 pm Leave a comment

HAWS to Request City Funds for Acquisition of Property

Triad City Beat has an article about the Housing Authority of Winston-Salem’s (HAWS) efforts to buy a property near its Cleveland Avenue Homes community:

The Housing Authority of Winston-Salem plans to request financial assistance from the city to pay for the acquisition of a blighted complex known as New Hope Manor Apartments that is wedged between Cleveland Avenue Homes and Fairview Park — potentially a key aspect of an ambitious plan to transform the neighborhood.

The anticipated request comes on the heels of a unanimous vote by city council on June 20 to the join the housing authority as a co-applicant for a federal Choice Neighborhoods grant as part of an ambitious plan to transform the area surrounding the Cleveland Avenue Homes public-housing community.

The city’s participation includes a pledge of $4.5 million to pay for business façade improvements, neighborhood broadband, a revolving loan for businesses, streetscaping and land for new parks and other public spaces in the area.

HAWS representatives have talked to the lender on the property and learned that the lender is willing to dispose of the property at a significant loss. They are concerned that it will attract a low-ball investor who will put minimal effort into revitalizing the community.

Ritchie Brooks, Winston-Salem’s director of community and business development, wrote in a memo that “HAWS believes this could provide an appealing opportunity for an absentee investor to purchase the property, do some minimal rehab, and then continue to operate the property as untenable multifamily housing, perpetuating the blight and inhibiting the development of the surrounding area.” As a result HAWS is asking the city for $1.7 million to help “acquire, demolish, abate, rehab and operate the property in a sustainable manner.”

July 6, 2016 at 6:41 pm Leave a comment

Rent Jon for a Good Cause – Limited Time Offer

This year PTAA’s executive director Jon Lowder is once again trying to raise money for our annual summer food drive, and if you’re willing to donate to Second Harvest Food Bank of NWNC you can rent his time for any number of reasons. Even better, if you make the donation before June 30 then your money will be automatically matched dollar-for-dollar by an anonymous donor at Second Harvest, so it’s doubled! Not sure what you can do with his time? Well, here’s what he’s written to give you some ideas (you can find full details here):

Last year I ventured to raise money for Second Harvest Food Bank of NWNC by doing something called Jon’s Pentathlon of Pain. This year I’m focusing on raising funds in the month of June because Second Harvest has a program that matches every dollar donated until June 30.That means if you donate $10 it magically turns into $20.

So here’s how it’s going to work: if you have a challenge, task, stunt that you want me to do then send me a description of what you want me to do (see instructions below), and how much you’re willing to donate to Second Harvest to have me do it. Because time is short the project/stunt doesn’t have to be completed in June, but the donation does have to be made and we can arrange for it to be done later.

I reserve the right to not accept any challenge or project – I’m not getting piercings or tattoos folks – but I listen to any offer.

Here are some ideas:

  • Hire me for a day (I’m sure we can figure out something useful I can do)
  • A writing project
  • A podcast
  • An embarrassing video (here’s an example from last year)
  • Wear your company’s schwag (hat, shirt, etc.) for a day

Just use your imagination. To bid just send me an email or leave a comment on the Jon’s Challenge Facebook page.

Want to just make a straight donation? You can do it through my office’s food drive donation page here and just shoot me a message to let me know how much you donated.

Let’s get busy and help feed the hungry in our community!

June 24, 2016 at 2:13 pm Leave a comment

Southeastern Building Wins Historical Rehabilitation Award

BSC Holdings’ extensive work to bring the Southeastern Building in Greensboro back to life has been recognized with a state-wide award:

The historic Southeastern Building in downtown Greensboro described as the city’s first skyscraper has won the Great Historic Rehabilitation Award from the N.C. Chapter of the American Planning Association.

The property, which was nominated for the award by the city’s planning department, earned more public votes for the title than the six other entries from across the state. The online contest ran May 2-13.

If you’d like to see a slideshow of the project you can find it at the Southeastern Building’s website.

May 31, 2016 at 2:25 pm Leave a comment

Double Your Money to Fight Hunger!

As you may know, PTAA’s Summer Food Drive kicked off on May 1st and we’ve been delivering food collecton boxes to apartment communities throughout the Triad so that they can participate. Details on how you can participate are below, but before we get to that we need to point out an important piece of information: Any money you raise for Second Harvest between now and June 30 will be matched by a donor. So every dollar you give magically turns into $2!

Of course we want you to participate in any way you can, and Second Harvest definitely needs food and cash donations, but if you are going to make a financial donation then you might try to make it in June so that the money is doubled and has a maximum effect!

You can make a financial donation here

Our full Summer Food Drive webpage is here.

New This Year – Community Level Competition!
We’ve always had a competition between management companies to see which can raise the most food/money, but this year we’ve added two new levels of competition:

The community with over 200 units that donates the most will win Breakfast on the Go for its residents.

The community with under 200 units that donates the most will win Breakfast on the Go for its residents.

Want to sign up your community to participate? Use this form.


Come on out to the ballgames!
Once again we are partnering with the Winston-Salem Dash, the Greensboro Grasshoppers and WXII12 to promote the food drive to the general public. We will be collecting food at the Dash game on July 15 and the Grasshoppers game on July 22. Keep an eye out for the ads when they run on WXII12 in July, and if you’d like to bring your families out for a great time you can purchase tickets from PTAA to attend.
Buy Winston-Salem Dash tickets here.
Buy Greensboro Grasshoppers tickets here.

May 17, 2016 at 4:09 pm 1 comment

Vote for the Southeastern Building!

PTAA member BSC Holdings’ Southeastern Building has been nominated for a Great Historic Rehabilitation award and you can support them by voting, and unlike presidential elections you can vote early AND often. Here’s the info and please go and vote…often:

The historic renovation of the Southeastern Building located on the corner of Elm and Market Streets in downtown Greensboro has been chosen as a finalist in the APA-NC Great Places People’s Choice – Great Historic Rehabilitation Contest! This is a program of the American Planning Association , North Carolina Chapter.

Voting will run from Monday, May 2, at 8:00 a.m. to Friday, May 13, at 5:00 p.m. Each person is allowed to vote for their favorite historic rehabilitation project once per day per device (your computer, your phone, your tablet, etc…).

Please help us earn this recognition for Greensboro by voting here each day:

or directly on Facebook:

About the Project

The Southeastern Building, located at the corner of N. Elm and Market streets, began its life as the American Exchange National Bank Building and was the tallest in Greensboro when constructed in 1920.

Local developers Barry Siegal and Willard Tucker began restoration of the building in 2013 following City Council’s approval of an Urban Development Investment Grant of $273,347 for the project, which is now nearing completion. The building features 51 apartments, as well as office, retail and restaurant spaces.

The Southeastern Building was placed on the National Register of Historic Places in 1982 as part of the Downtown Greensboro Historic District and it was awarded the Landmark designation in 2010. 

May 2, 2016 at 9:54 pm 1 comment

McNeely Pest Control Opens Three New Offices

PTAA member McNeely Pest Control is expanding once again. From an article in the Triad Business Journal:

McNeely Pest Control’s Greensboro office has moved into an 8,500-square-foot building at 7707 Boeing Drive.

In addition to Greensboro, the office serves High Point, Archdale, Summerfield, Oak Ridge and Burlington.

The company has also opened offices at 25 W. Fifth Street in Lexington and 1620D Davie Ave. in Statesville.

April 19, 2016 at 10:12 pm 1 comment

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