Ed Watters and Jim Hunter, owners of the Rome outdoor sporting goods store Adventures Rome N Around, bought the two parcels at 107 and 115 S. Broad St. in July for $107,000, Floyd County property records show.
The partners are demolishing 75 percent of the buildings on the properties to construct a two-story retail center with a basement, where Watters and Hunter plan to relocate their business.
Watters said they are trying to preserve the rest of the buildings.
Architect Robert Noble designed the proposed retail center, and tenants are being sought for the upper floors.
I think it is a great location, Watters said. With the river frontage and the proximity to downtown and Broad Street, it has a lot of potential.
We are excited about the improvements for South Rome, and we will have lots of great space for sale or lease in the near future.
Watters said the redevelopment should take about six to nine months to complete.
Karen Moore, executive director of the South Rome Redevelopment Corp., praised the new project as being in sync with the areas master plan.
She said the SRRC board reviewed the development plans several times before granting its approval.
We are delighted about the project, Moore said. We are glad they decided to come into the South Rome community and help it become a better place.