Big New York investor eyes Greensboro

[cityboi]

It looks like through local connections, a big time New York investor/developer may look at Greensboro for potential big developments. What would this mean for downtown and Greensboro? according to the artlicle, Donald P. Cogsville has a passion for transforming blighted areas into something special. and this guy always thinks big. Could Donald be the driving force behind the redevelopment of South Elm Street, south of Lee Street? Donald says he has access to billions in capital and is looking for opportunities to invest it. If someone like Cogsville invest in the Southe Elm Street redevelopment. The project could require very little public funds. Maybe Cogsville will even put together a highrise residential/mixed use development for downtown. It will be interesting to see what may become of this.

http://www.news-record.com/apps/pbcs.dll/a...C0101/608060309

[krazeeboi]

It'll be interesting to see if anything comes of this. Has he spearheaded any developments in any other cities, or does Greensboro have the potential to be his guinea pig?

[jjasonham]

Looks like this Cogsville guy has a penchant for discovering oil in the swamps. Check out this nod in Forbes:

http://www.forbes.com/forbes/2001/0108/250.html

[Beany]

South Elm Street was exactly what I thought about when I read the article. A lot of groundwork has been layed for that area. Now it just needs some money to see the plans get off the ground.

[cityboi]

I agree, this would be the perfect project for him. Im not sure what he has accomplished in the past. I dont know if hes redeveloped other cities or not but It looks like if Cogsville gets behind the south elm project it will be very interesting. He certainly has access to enough money to make this project happen. Also typically when a developer/investor does one thing, he soes another and another. So iff he takes on South Elm, he could take on more future large scale downtown projects.

[Beany]

I sure hope so.

Other possibilities could be E. Market St. and Aycock around War Memorial Stadium. Though a dt highrise would be awesome of course.

[krazeeboi]

South Elm looks to be an artsy district--am I correct in this assertion? It would also appear as though the railroad tracks are what provide the disconnect between Elm and South Elm.

[Beany]

Actually I think South Elm and North Elm are divided at either Friendly or Market Streets.

You are right the portion between Lee Street and the railroad tracks is somewhat disconnected and does have some artsy venues. That area continues to improve though along with Elm on the other side of the tracks.

But the South Elm Street redevelopment we are talking about is south of Lee Street and goes to Eugene St. You can read about it here: http://www.southelmstreet.com/

[cityboi]

Actually I think South Elm and North Elm are divided at either Friendly or Market Streets.

You are right the portion between Lee Street and the railroad tracks is somewhat disconnected and does have some artsy venues. That area continues to improve though along with Elm on the other side of the tracks.

But the South Elm Street redevelopment we are talking about is south of Lee Street and goes to Eugene St. You can read about it here: http://www.southelmstreet.com/

agreed...South Elm below the tracks does have a different vibe and the scale of the architecture is different.

[krazeeboi]

Actually I think South Elm and North Elm are divided at either Friendly or Market Streets.

You are right the portion between Lee Street and the railroad tracks is somewhat disconnected and does have some artsy venues. That area continues to improve though along with Elm on the other side of the tracks.

But the South Elm Street redevelopment we are talking about is south of Lee Street and goes to Eugene St. You can read about it here: http://www.southelmstreet.com/

Thanks for the link.

I thought I remembered seeing an old railroad depot or some old building that looks like it would be a great candidate for adaptive reuse along Elm, somewhere in that area. Anyone know what I'm talking about?

[cityboi]

New York Developer Donald Cogsville has visited Greensboro and he is very impressed with whats going on with the city and downtown. he said "The city is just on such a great trajectory of growth." He met with city leaders including former mayor Jim Melvin but didnt give a hint of what he plans to do. He did say he is coming back and he said there are great opportunites here in Greensboro. He would likely build mixed-use housing developments in the center city or he may even help out with the financing for the International Civil Rights Museum. The biggest opprtunity in my opinion for him is to take on the South Elm/ Lee Street plan for the southern end of downtown.

"

http://www.news-record.com/apps/pbcs.dll/a...001/NEWSREC0201

[jjasonham]

New York Developer Donald Cogsville has visited Greensboro and he is very impressed with whats going on with the city and downtown. he said "The city is just on such a great trajectory of growth." He met with city leaders including former mayor Jim Melvin but didnt give a hint of what he plans to do. He did say he is coming back and he said there are great opportunites here in Greensboro. He would likely build mixed-use housing developments in the center city or he may even help out with the financing for the International Civil Rights Museum. The bigges opprtunity in my opinion for him is the South Elm/ Lee Street plan for the southern end of downtown.

"

http://www.news-record.com/apps/pbcs.dll/a...001/NEWSREC0201