The Downtown Partnership said yesterday that it would move its headquarters to 217 N. Charles St., leasing part of a building that was sold yesterday to local investors by a North Carolina bank.
The partnership, the non-profit management agency for the downtown district, would move from 330 N. Charles St. in two phases, spokesman Brian Lewbart said. The agency's move is expected to be completed by March 1.
The 102-year old building, purchased yesterday by a group led ** by Reisterstown-based Rock Realty, was sold by a unit of NationsBank Corp., a Charlotte-based banking giant, which had repossessed the building. NationsBank owned the building after developer David Kornblatt defaulted on a loan to renovate the 26,000-square-foot structure.
Mr. Kornblatt completed a successful reorganization of his business affairs last month and emerged from bankruptcy protection.
"Locating our offices in this very visible and central location will ensure that our new clean and safe programs remain accessible to the public," said Laurie Schwartz, president of the partnership.
The "clean and safe" program is administered by the partnership using money from an assessment on owners of downtown properties by the Downtown Management District, which was created by City Council legislation last year. .