Buzz on biz july 27, 2017

Page 1

Summer Services Directory

July 27-Aug. 30, 2017 • The CSRA’s monthly business Magazine

Pages 25-31

Preliminary work for a five-story Hyatt House hotel in the 1200 block of Broad Street is just one sign of the growth happening in downtown Augusta. Photo by Gary Kauffman

Legacy Company Sees Old Becoming New Again By Neil Gordon

The old is becoming new again in the real estate world, and one company well positioned to take advantage of that is one of Augusta’s oldest companies. Blanchard and Calhoun Real Estate Co. is on the verge of the century mark, celebrating its 100th anniversary in 2018. Company leaders are thinking of hiring a historian to document its years in the city. Blanchard and Calhoun’s commercial real estate business is booming and so is downtown Augusta. The firm oversees hundreds of thousands of square feet of space in downtown Augusta. “It’s all about exposed wood, brick and

creating an open, industrial feel,” Davis Beman, vice president and director of Commercial Real Estate, said of the oldis-new trend. He points to restaurants such as Farmhaus, open offices including Wier/Stewart and mixed-use facilities in different phases of operation including the Enterprise, Sibley and King mills Blanchard and Calhoun’s origins are on Eighth and Broad in the building now occupied by SRP. Currently they share space at 699 Broad St. with other tenants they manage, including Augusta University, which has its name on the See REAL ESTATE on Page 2

Downtown Growth Has Augusta Feeling Good By Joe Hotchkiss

The Augusta Chronicle This should give you an idea of the demand for downtown Augusta property. When word spread that the Family Y of Greater Augusta was merely thinking about putting its Downtown Y building at 945 Broad St. up for sale, three interested buyers approached the Y unsolicited. At that time, the Y didn’t even have a real-estate agent. It’s just one example of how downtowns nationwide are attracting new interest. In the past few decades, many downtowns suffered the effects of post-World War II development, which saw fami-

lies moving to the suburbs with retailers following. Cities were casting about for magic bullets to reinvigorate their urban centers. Now, people and developers across the country are rediscovering downtowns for their own reasons. In Augusta, local development experts see a unique set of circumstances intersecting in its increasingly thriving downtown. It includes a strong highereducation sector, diverse employers, changing residential and business trends, and what Augusta University President Brooks Keel has described as the city’s See DOWNTOWN on Page 8


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