A new office and retail facility is on tap for downtown Brevard, thanks to an award from North Carolina’s Main Street Solutions Fund.
The N.C. Department of Commerce has awarded Brevard up to $200,000 to construct a new office and retail facility located at 43 South Broad Street for phase two of the Aethewold Development. Phase one of the development rehabilitated the historic Aethewold hotel, transforming it into residential units and retail space.
“We applaud the city of Brevard for its commitment to revitalizing an historic hotel and using this award for new construction on an empty lot downtown,” said Commerce Secretary John Skvarla. “This visionary initiative will help breathe new life into a wonderful downtown area.”
“We are very excited about this new project,” said Liz Parham, director of the North Carolina Main Street Center. “The project in Brevard allows for the expansion of an existing architectural firm. The new facility will serve as additional office and retail space, four residential units and much needed parking.”
North Carolina Main Street and Small Town Main Street have experienced $2.2 billion in public and private investment and a net gain of more than 19,000 jobs since the inception of the program in 1980.
Brevard is one of 35 Nationally Accredited Main Street programs in North Carolina.
For additional information about the Main Street Solutions Fund, visit nccommerce.com/MainStreet, or contact Liz Parham, director of the North Carolina Main Street Center at 919 715-0527.