In a fresh wave of city revitalization, two historic buildings in Downtown Salisbury were sold and have attracted new tenants.
Kevin and Kris Adams of Fruitland bought the old Shore Bank building at 100 West Main St. for $500,000.
The former First National Bank building, at 201 West Main St., will be occupied by a dance studio, according to Brent Miller, senior advisor and managing director for Sperry Van Ness, who handled both sales.
Purchased by Mark and Elena Amy, the First National building was built in 1920 and has more than 12,600 square feet in two stories.
The former Shore Bank building, at 100 West Main Street, was built in 1914 and has 11,400 square feet in four stories. The first floor and mezzanine between the first and second floors will be occupied by the internationally known Whiting Turner Contracting Company.
A dance and photography studio will be on the second floor, and there is room for additional business. Five apartments will be on the third and fourth floors, Kevin Adams said.
He and his wife, Kris, own Adams Housing and Delmarva Paint Works, a maintenance company. Adams said he became interested in the former bank more than 10 years ago, when he was performing maintenance there, and bought it the end of April.
“I know the building very well. It was built around the turn of the century and it has good bones. It’s a great building. We do primarily residential in our business. We do a lot of student housing. The top two floors, the third and fourth floors, are going to be apartments,” he said.
“Part of our deal was to have an anchor tenant,” he added, recalling there was talk about establishing a restaurant and bar inside, but that other new restaurants already found niches downtown.
The business Migrant Clinician Network is settled on the second floor. The anchor tenant, Whiting Turner, is a 134-year-old business with offices in 33 countries. Adams said the company is currently doing construction for Salisbury University, building the new Bennett Middle School and also a wing at Peninsula Regional Medical Center.
“We firmly believe Salisbury’s future success depends on the entire community working together to contribute to its renaissance. By investing in this beautiful downtown landmark, we have cemented our commitment to Salisbury’s progress. We have taken what somebody else appreciated and brought it to the next level,” Adams said.
Miller, too, said he’s excited to have Whiting Turner downtown.
“The building is in pristine condition,” Miller said about the former Shore Bank. “It’s a beautiful building, and well-constructed. It’s strong. It was renovated a couple years ago with sprinklers and elevators,” he said.
The old First National Bank building, Miller said, has “beautiful two-story windows and was renovated by Amy.”
The dance studio will open this fall.
Reach Susan Canfora at email@example.com.