The Forsyth County Board of Commissioners have approved Clachan Properties, LLC's $700,000 bid for the Old Courthouse. At this point, Clachan has a 150 day due-diligence period during which time they can back out of the offer to purchase; they will also likely seek historic designation during this time to make the property eligible for tax purposes. The Old Courthouse was built in 1926 but incorporated parts of an older courthouse on the site from 1896 and added new wings in 1958. Clachan Properties, LLC also developed the Winston Factory Lofts.
Showing posts with label Old Courthouse. Show all posts
Showing posts with label Old Courthouse. Show all posts
Tuesday, March 13, 2012
Wednesday, February 15, 2012
Forsyth County Receives $700K Offer to Purchase Old Courthouse
The offer comes from Clachan Properties, LLC of Richmond, Virginia and is contingent upon provisions relating to historic certification, landmark designation, and multifamily zoning. Much like the foreclosure process, there is a 10-day upset bid period. Copies of the offer can be obtained from the Office of the Clerk to the Board of Commissioners. A copy of Forsyth County's Notice of Offer to Purchase can be found here.
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