LEXINGTON NC TAKES NEXT STEP TOWARD REDEVELOPMENT OF DEPOT DISTRICT
- City Council adopts resolution to sell vacant Candy Factory via bid process -
Lexington, NC, March, 23, 2017
– On March 13, the Lexington City Council
adopted a resolution declaring the City’s intent to sell vacant property in the Depot District. This measure supports the City’s long-term strategy to redevelop the former Lexington Home Brands manufacturing center into a vibrant mixed-use district anchored by a passenger rail stop. The measure is a result of interest expressed by several developers in obtaining one or more of the buildings located within the district.
The initial property for sale includes a connected group of vacant buildings known as the former North Carolina Candy Factory building, bound by the newly completed Breeden Insurance
Amphitheater, East Third Avenue, South Railroad Street, and East Fourth Avenue. The amphitheater features a state-of-the-art stage officially inaugurated at the Depot District Music Fest
April 8, 2017.
“Because these buildings are directly adjacent to the amphitheater, they are uniquely suited for restaurant, retail, entertainment or other uses complementary to the new venue,” said Lexington Mayor Newell Clark. “As an added opportunity, the amphitheater stage is designed to serve both the larger seating area out front, as well as a potential courtyard to the rear associated with the subject buildings. This resolution furthers the City’s goal of developing the Depot District into a mixed-used redevelopment that will serve the City well into the future.”
The City of Lexington has zoned the property as a Planned Development District, meaning any redevelopment plans are subject to review and approval by City Council in order to ensure that any planned use and adaptation is consistent with the community’s vision for the Depot District.
In order to maintain a fair and transparent process and to protect the public interest, the building(s) will be sold through the upset bid process in accordance with NCGS 160-269 with a development agreement. Interested parties should contact Tammy Absher, the City of Lexington’s Director of Business and Community Development at (336)479-0122 or TVAbsher@LexingtonNC.gov
In order to inform prospective developers about the property for sale, the City has prepared the following resource documents: Resolution No. 13-17 – City’s Intent to open Upset Bid process
About The City of Lexington
Situated in the geographical center of North Carolina in the Piedmont Region and within close proximity to multiple metropolitan areas, Lexington emerged from its 19th century agricultural roots to evolve throughout the 20th century into a center of fine furniture and textile production. Today, Lexington is experiencing yet another economic resurgence built on diversification, fueled by a business friendly climate and creative development, notably in the Depot District. All the while, it treasures and preserves its rich heritage, both in its traditions and in its built environment. Uptown Lexington is a walk-able city, encouraging pedestrians to soak in its rich history and eclectic shops, entertainment and restaurants. Discover this quaint community’s dedication to innovation by surfing free outdoor public CityWiFi in the central business district. As the Davidson County seat, Lexington embraces its role leading the county towards future success and achievement.
For more information about the City of Lexington, visit our website
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