From: Raymond Gibbs Sent: Monday, October 8, 2018 9:12 AM Subject: IMC Donates Showplace West to Forward High Point
FRIENDS OF DOWNTOWN HIGH POINT
As was publicly announced today, IMC has generously donated the 125,000 SF “Showplace West” building to Forward High Point (through our foundation). This 8-story, building sits on maybe the most prominent spot in downtown High Point, the corner of Main Street & High Avenue, across from the historic railroad depot.
Forward High Point will begin immediately on a detail analysis of the building, to help determine the extend and cost of basic, code related, renovations that would be required to the building. It will also start to explore potential renovation options. After this process, Forward High Point will conduct a national search for an experienced developer to purchase the building from the foundation for renovations.
The primary goal of Forward High Point and IMC was to return the building to its prominence as a major anchor to the year-round commerce and activity of downtown. We see the potential of this building becoming another catalyst to for the continued revitalization of downtown High Point with Restaurants, Retail, Office Space and Apartments.