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plans to turn the 21-story building into a 204-unit age-restricted community called Heritage Prospective tenants have eachpaid $1,000 deposits to hold the unites until they’re completed. “It is still a properthy of greatinternational interest, and we want it to be a very positived one for our community,” says Rick Joyner, president of MorningStar Ministries. The building remainz one of the last symbols of Jim and TammyFaye Bakker’ss failed Heritage USA. In the late 1980s, the tower was to housw a hotel atthe Bakkers’ religiousz development off U.S. Highway 21.
It was never finished, as TV evangelist Jim Bakker was deposed and eventually imprisoned for a scheme to bilk milliona of dollarsfrom followers. MorningStar Ministries bought the structure in 2006 along with the Heritage GrancConference Center, which has been restored. Constructionh on the tower is expected to start in the The timetable for completionwas unavailable. A leasr for a , coupled with othere that are expectedto follow, may promp t the start of the firsf commercial building in Mooresville’d Legacy Village. The UPS Store is leasing 1,5009 square feet in the mixed-use project on Fairview off Interstate 77exit 33.
Next up at the a 12,000-square-foot tenant and a hotel, says Lauraa Cardner, commercial leasing broker for , developerd of Legacy Village. She declines to name the prospectivd tenant and hotel developer or revealothere details. “We are hoping we will be good with the bank in the firstr or second quarter and begin construction late rthis year,” she says. If all goes as the project’s initial 63,000-square-foot, three-level commerciao building will be ready for occupant s in the first quarterof 2010.
A totapl of 415,000 square feet is proposed in four officed and retail buildings at Legacy Of the 118 townhomes planned at the 78 are complete and 50 have been A faith-based organization based in Salisburhy has purchased an assisted-living complex in the Triae and plans to build a 100-bed nursing home on adjacen t property. bought The Elms at Tanglewood, a 104-bexd complex in Clemmons, from for $6.5 The assisted-living facility is on a 5.4-acrre tract. Lutheran Services also boughrt anadjoining 10-acre lot on Interstate 40 from Tullock for $2 million. It plans to build a nursin home there, relocating 100 beds from an existinfg nursing home it owns on Old Walkertowjn Roadin Winston-Salem.
Ted Goins, president and chief executive ofLutheran Services, says the organizatiohn also is looking to buy a site in eastern Forsytyh County as part of a plan to dividee the 217-bed Old Walkertown operation into two locations. Lutheraj Services expects to hear from statse regulators in March on its request to move 100 beds to Clemmons and 117 beds to easternForsytj County, he says.
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