HIGH POINT, N.C. (WGHP) — The Showplace West building on South Main Street in downtown High Point has been sold to a developer out of Richmond, Virginia, called LBD Investments.
The developers will now have to find a way to preserve the building’s history. They say the building has been vacant since 2012 and are looking at a way to make the project financially viable.
President of Downtown High Point Rebekah Cansler says Showplace West will require quite the investment. That’s a risk LBD Investments is willing to take by flipping the building into 143 apartment units.
$30 Million Investment
Showplace West was purchased for $300,000, but the developers plan to make a more than $30 million investment.
In 2024, the Showplace West building was added to the National Register of Historic Places for the modernist architecture it has from the 1970s. This helped offset some of the costs for the developer through tax credits…