Lafayette Place Lives Again, Thanks to $1.2 Mil Investment

SHELBY, NC-After 10 years of uphill effort and $1.2 million in redevelopment costs, the town of Shelby, roughly 45 miles east of Charlotte, has restored Lafayette Place, adding 17,000 sf of retail and residential space to the center city.

By Robert Anthony | Updated on September 14, 2000

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.

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