Developers buy former Park Plaza in Spencer, plan restaurant, new Family Dollar
SPENCER — The mostly vacant former Park Plaza shopping center in Spencer has a new owner with plans for a restaurant, discount shop, furniture store and drug store.
Spencer Town Manager Larry Smith said Premier Partners Landis NC has closed on the Park Plaza parcels, formerly owned by Henry and Karen Alexander, who named the development Spencer Shoppes.
New owners Joe Strickland and Rick Register of China Grove intend to build a Family Dollar on a front outparcel north of Suntrust Bank and hope to put a restaurant and possibly a furniture store inside the existing center, Smith said.
Strickland and Register run Premier Builders and Development in Landis. They did not return phone calls from the Post.
The developers hope to bring a drug store to the shopping center in the near future, Smith said.
“It sounds exciting,” Mayor Jody Everhart said. “It is a change, a positive change, it looks like, and hopefully we can move forward by getting some new businesses.”
Everhart said he wants to talk to the developers about their plans before he comments further.
Candidates for Spencer Board of Aldermen have been discussing how to recruit more businesses to Spencer, which is in the second year of a two-year, state-sponsored Small Town Main Street program. The program is aimed at beefing up economic development and rejuvenating the central business district in small North Carolina towns.
Rowan County suffers from substantial “retail leakage,” with residents spending more than $200 million every year on retail goods and services outside the county or online, according to the Rowan County Economic Development Commission.
The only retail segment of the county that brings in more money than it loses to other counties is car and truck sales.
Contact reporter Emily Ford at 704-797-4264 or email@example.com.