Downtown Greenway Increases Private Funds

Lincoln Financial Foundation pledged $500,000
Lorillard Tobacco Co. pledged $250,000
VF Corp. pledged $250,000
Action Greensboro, the nonprofit economic development group managing the project.

Three companies pledge $1 million to Downtown Greenway : News-Record.com : Greensboro

SPi Healthcare Expansion Announced

SPi Healthcare, plans to create 75 new jobs in the Greensboro area by the end of 2013 to provide a local footprint for future growth in the Southeast. SPi Healthcare will offer Revenue Cycle Management services including full Business Process Outsourcing from the Greensboro facility. This will help healthcare organizations in the Southeast region effectively manage tightening margins and reverse declining reimbursements to ultimately improve their overall financial health.

The company plans to invest $350,000 during the next three years, with salaries that will vary by job function, but the average annual wage for the new jobs will be $28,060, plus benefits. The project was made possible in part by a $75,000 grant from the One North Carolina Fund.

Located at 3515 West Market Street, Greensboro, NC 27403
SPi Healthcare press-room
Thrive In North Carolina

Greenway at Fisher Park Apartments Proposed

Bellemeade Development / Lomax Properties has plans for 5 three-story apartment buildings, a leasing office and a pool on the former North State Chevrolet dealership. The 4.2-acre site is near downtown, the new baseball stadium NewBridge Bank Park, and the historic Fisher Park neighborhood. The $15-million apartment project is expected to have 200-units adjacent to the proposed Downtown Greenway, a 4-mile paved trail around the center city.

With a Prime  Location at North Eugene, Smith street, Edgeworth street, Battleground Avenue, Greensboro, NC
GPS Coordinates: 36.07889,-79.79459

Norfolk Southern Begins New Rail Service

A new double-stack rail service collaboration with the Virginia Port Authority upgrades the capability of the city of Greensboro as a load center. This means that an exporter can put cargo on the train Monday and it can arrive at the port Wednesday and possibly ship that evening.

Advantages of this service include:

HondaJet Has Been Delayed Again

The delay, caused by engine problems, will push production back about a year. That means the first jets won’t roll off the assembly line until mid-2013.

The maintenance and repair operation (MRO building) will be a $20 million, 80,000-sqft facility on 20-acres at Piedmont Triad International Airport (PTI). Design of the building will be finished in 2012-Q1, with construction beginning in 2012-Q2, and occupy 2013-Q2, about the same time jet production begins.

A parts manufacturing and distribution warehouse has also been pushed back.

Honda expanding at PTI : News-Record.com : Greensboro

Mega Builders Plans Apartments

Greensboro rezoning apartments
Mega Builders $20-m 19-acre 264-units
600 Eagle Road, 1501 Bridford Parkway
The development would be divided into 24-unit buildings and include a pool and a clubhouse.

Elm Street Center Hotel Progressing

One of the two groups that started planning this project over 5 years ago has said they are working to make it a Wyndham Hotel. The tower would be located at the southwest corner of February One Place and Davie Street, could be built atop a new, 150-space parking-deck. The hotel could be joined with the existing 30,000-sqft banquet and meeting space to become a full service conference center. Greensboro News-Record

Hanes Mall Leases To H&M

H&M will be opening a store at Hanes Mall in November.

The 20,000-square-foot, two-level store will be between J.C. Penney and Ruby Tuesday. It will have a separate entrance from the parking lot, a grand staircase and an elevator.

H&M sells clothes and cosmetics in about 2,200 stores around the world.

The first store was opened in Sweden in 1947.

Honda Aircraft Expansion Grant Approved

$1 million grant to aid PTI in Honda projects

* The company would build two additional buildings — an 87,000-square-foot maintenance and repair operation valued at $20 million and a 100,000-square-foot aircraft parts distribution center worth $6.5 million.

The latter building likely would supply Honda’s other sales and service centers around the country.

* The 419 jobs associated with the project would be created between the fourth quarter of 2011 and the fourth quarter of 2014.

While the grant documents did not break down how many jobs would be provided by each part of the proposed expansion, a local official has called the manufacturing section “the big prize.”

* The construction phase would create between 397 and 490 jobs.
* Honda would expand its existing 67-acre campus at PTI by an additional 40 acres, apparently to accommodate the new buildings.

Whole Foods Begins Renovations

Whole Foods announced in 2010-November that it had signed a deal to sublet part of the Sears space at Friendly Center location. The 34,000-sqft store should be open in 2012-spring while Sears remains with a smaller footprint.

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