City tries to lure downtown jobs
HIGH POINT — One of the developers involved in the city’s downtown catalyst project area says a new incentives policy is helping compensate for a downturn in the commercial office market.
Tim Elliott, managing partner of Elliott Sidewalk Communities, said his firm is in “active negotiations” with three prospective office tenants for space at 275 North Elm, a mixed-use building under construction outside Truist Point stadium.
With the demand for office space dropping in the wake of the coronavirus pandemic as people work from home, Elliott said he hopes possible cash grants, rent reimbursements and other incentives from the city will help him lease the 36,000 square feet of space on the second and third floors.
Comments