Archive for August, 2016

Blair Waddell Mard joins Herman Walldorf Commercial

Monday, August 15th, 2016

Blair Mard headshotBlair Waddell Mard has joined the Herman Walldorf Commercial Team as an affiliate broker after six years as a Retail Recruiter for the River City Company, downtown Chattanooga’s economic development engine. In her new role, Mard will capitalize on her retail recruitment experience providing sales, leasing, and consulting services to buyers, sellers, landlords, tenants, and developers. While initially focusing on retail, Mard will also work in the office, industrial, and investment sectors of the Southeast Tennessee and North Georgia real estate markets.

While at River City Company, Mard cultivated relationships with area brokers, Realtors™, land owners, and potential retailers and helped fill nearly 100,000 square feet of space in downtown Chattanooga with local, regional, and national tenants.

Kim White, President and CEO of River City Company says, “It has been an honor to have Blair Mard part of the River City Company for the past 6 years. Blair’s love of our city and her passion for its growth, coupled with her ability to build strong relationships has greatly increased the awareness of retail opportunities downtown. We wish her much success in her new role as an affiliate broker for Walldorf. They are fortunate to have her join their team. We know she will continue to be a strong advocate for bringing quality tenants downtown.”

Managing Broker Rudy Walldorf says, “We are thrilled to have Blair join our professional team at Herman Walldorf Commercial. She is very knowledgeable about the local market, and her retail match-making expertise will help us continue our excellent service to our clients.”

Mard joined River City Company from CreateHere, where she played a decisive part in the successful community visioning project, STAND, which gathered feedback from over 26,000 area residents and made the resulting data available to the public to promote community-based action.

Mard is a founding board member of Rotaract and also serves on the board of the Downtown Council for the Chattanooga Chamber of Commerce. She also serves with the Austin Hatcher Foundation, the Junior League of Chattanooga, and the Chattanooga Cystic Fibrosis Foundation. Mard has served as the past-president of the Chattanooga Ballet and as a former board member of The Nightingale Network of the Women’s Foundation and the Junior League. She is a graduate of the Chattanooga Chamber of Commerce program Leadership Chattanooga and the Allied Arts Ruth Holmberg Leadership Institute. Mard graduated with honors earning a Bachelor of Science in government from Wofford College.

Blair and her husband, Brad, live in Riverview with their son Paxton (2) and are members of St. Paul’s Episcopal Church.

Ben Pitts, Herman Walldorf Commercial Represented Woodberry in Acquisition

Monday, August 1st, 2016

Pitts also to be the Leasing Agent for Renovated Signal Mill

Times Free Press_Knitting MIll Gets New Owner and Plans

The Knitting Mill at 205 Manufacturers Road has been sold and will be repurposed. The 20,000-square-foot first floor of the old building presently offers antiques.

The article below is by Tim Omarzu and originally appeared in the Chattanooga Times Free Press on July 29, 2016.

Chattanooga’s booming North Shore is getting another multi-million-dollar shot in the arm but will say goodbye to a well-liked antiques mall.

Atlanta developer David Woodbery, of the Woodbery Group, paid $3.55 million for the Knitting Mill Antiques building at 205 Manufacturers Road. He plans to spend another $8 million upgrading the brick, 60,000-square- foot, two-and-a-half-story (counting the windowed basement) structure.

“It’s a 100-year-old, beautiful building,” Woodbery said. “We really want to bring out its character, its charm and its authenticity. People want that — and you can’t recreate it.”

The building’s first and second floors will be converted into a space for boutiques, specialty food shops, offices — and a second restaurant at the building’s opposite end from Food Works, which will remain.

“Yes, we are staying in the building,” Danny Hilson, general manager at Food Works, a restaurant that’s open daily and popular Sunday brunch destination that just celebrated its 10-year anniversary.

Woodbery also will add parking spaces on his property.

‘Quietly for sale’

Woodbery bought the textile mill, which was built in 1916, from Scott and Lynn Short, who turned it into an antiques mall in 2003.

“We have actually had this quietly for sale for about two years,” Scott Short said. “We’ve just kind of been flying under the radar.”

Woodbery plans to rebrand the building as Signal Mill. He’s chosen Chattanooga’s Accent Construction Services to renovate the building, which will include replacing the heating and cooling systems and creating offices on the vacant second floor.

Woodbery expects to welcome his first tenants in early 2017.?He declined to say what the restaurant may be.?”We’re currently in discussions with a couple of different concepts,” Woodbery said.

Woodbery has some 25 years’ experience in real estate investment and development, mainly in Atlanta, but also in Florida and on St. Simons Island, Ga. He still works with his longtime business partner, Jay Weaver, with whom Woodbery formed a company, Weaver & Woodbery Co.

“We do a range of projects, from residential development to commercial redevelopment projects,” Woodbery said.

Woodbery’s $11.5 million investment comes on the heels of other big investments near the Knitting Mill, including the recent $28 million sale of the Whole Foods-anchored 2 North Shore center next door, a bid of $5.6 million in bankruptcy court for a 6.6-acre tract across the street where Allen Casey’s would-be restaurant barge was moored and Vision Chattanooga Northshore, a $10 million five-story apartment and retail complex being built at Cherokee Boulevard and Manufacturers Road.

“The North Shore is really popping,” Woodbery said. “I think it’s the best location in Chattanooga, personally.”

Antiques liquidation sale

In the meantime, the antiques mall’s roughly 100 vendors will have to move out before the end of August. The last regular day of business is Saturday, Aug. 7. Then a four-day liquidation sale is scheduled from Aug. 12-15. Many vendors already have discounted their wares.

“Everybody’s kind of bummed out,” said Mark Kissel, a vendor who has sold his paintings for the past 11 years at the Knitting Mill, as well as picture frames, light fixtures and other antiques.

“This mall does the best of any antique mall in town,” said Kissel, who will relocate to Sugarplums Antiques and Treasures near Ringgold Road and Interstate 75 in East Ridge.

“Some people come here every day. The whole community is going to miss this,” Kissel said. “What makes the Knitting Mill so great is this building. It’s not just a vacant grocery store.”

Short said he and his wife plan to open another antiques mall in a yet-to-be decided location, and most of the vendors have said they would follow.

“Rejoin us, when we reopen,” Short said.

While the Shorts launched the antiques mall in 2003, they actually bought the building in 1998 from Signal Apparel when the mill still operated — barely — as textile manufacturing moved out of the United States.

“They were in their last — I call it their death throes,” said Short, who also runs a commercial real estate business, Rivercity Realty Inc., with business partner Tom Cofer. “You remember Ross Perot referencing that ‘giant sucking sound.’ That’s what happened to Signal Apparel.”

The Shorts paid $375,000 for the building in 1998, according to the Hamilton County Assessor’s Office. “We put a lot more money than we originally paid,” Short said. “The big money was in the renovations.”

The Shorts initially planned to turn the building into loft apartments, but then decided to launch the antiques mill. In 1998, the North Shore hadn’t yet transformed into a trendy place to shop, live and play. There was a lumber yard — not a Whole Foods-anchored shopping mall —next to the Knitting Mill, and Roper Corp. still assembled stoves at its factory that stood on the site of what’s now Renaissance Park.

“We were pioneers over on that side of the river, but we knew it was coming,” Short said. “I have to give my wife all that credit. She’s the one that had the vision, of seeing where that building could go, what it could be — and she was right.”

Contact staff writer Tim Omarzu at tomarzu@timesfreepress.com or www.facebook.com/MeetsForBusiness or twitter.com/meetforbusiness or 423-757-6651.

 

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