A group of Florida investors has purchased the Bank of America building at 68 Patton Ave. for $3.2 million according to property records. MRK Investments already owns the old Windsor Hotel building on Broadway, as well as the iconic S&W building on Patton Avenue near the Bank of America building.
Krueger’s group recently finished up its renovation of the old Windsor Hotel building on Broadway, and stands ready to begin renting 14 vacation condos there, he said. On the ground level, retail space will include a restaurant and a home furnishings shop, but those details have not been finalized, Krueger said. One note on the vacation rentals: Krueger said the rooms include North Carolina-made furniture, hand-crafted work by local artists, as well as decorator items picked from Paris flea markets. Those items will all be for sale, Krueger said.
A couple of months ago, Krueger was in negotiations with the popular retail chain Anthropologie to locate a shop in the historic S&W building. Nothing has come of those negotiations, according to Krueger.