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Development in downtown Albemarle receives attention from Statewide organization

Post Date:02/09/2019 9:43 AM

Here We Grow is here for all of us

Building on the best of North Carolina - Here We Grow is an initiative led by the North Carolina League of Municipalities and its 540 members. This initiative is based on a simple, powerful idea: when each of us does better, we all do better.

Please read the full article here, excerpt below:

https://herewegrownc.org/local-stories-list/major-groundbreaking-sets-healthy-track-for-downtown-albemarle

"Albemarle is on a streak. After a number of job creation and investment announcements, linked directly to city government’s forward approach to economic development, comes news of a $16 million health science building Pfeiffer University is placing downtown. Partners have already held the groundbreaking, and earthmoving is just ahead.

The local newspaper calls the development of the four-story building “One of the most anticipated groundbreakings in the history of the city” and adds that the “economic impact and potential to revitalize and remake downtown Albemarle will be much more valuable” than the initial investment figure. The 10-year projection is $136 million; Mayor Ronnie Michael is quoted in news coverage as saying the “Pfeiffer Effect” will mean more business, life and all-around vibrancy in the downtown core.

A further benefit will be the brainpower cultivated there. The graduate-level programming at health science facility gives loads of potential to Albemarle’s future. While the university could have developed the building in any number of places, Pfeiffer President Colleen Perry is on record citing the school’s relationship with the city and what the addition means to the local economy and employment picture."

Site preparation started on Monday, February 4th.  Here is a capture of the site from Saturday, February 9th:

2019-02-09 09 PfeifferSite on Saturday

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