SHELBY, NC-A $1.2 million investment and 10 years of planning have made possible the renovation of Lafayette Place, a structure near Town Square that had been empty for about 15 years. The Uptown Shelby Association began to tackle the project in the early 1990s.

Capital for the project was raised by Charlotte developers Michael O’Brien and Ron Morgan, two local companies and a group of six individual developers.

The renovated building was recently dedicated and six shops have already opened. In addition to retail, there are 12 apartments on the second floor renting for an average $550 a month.

The next project is the $3.5 million restoration of the Rogers Theater on East Marion Street, also near Town Square, says Uptown Shelby president Ted Alexander.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.