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Tax credits could boost revitalization efforts for prominent downtown High Point building

A High Point building that has sat empty for more than a decade is about to get an upgrade. And One Plaza Center could play a key role in the downtown’s revitalization.

You can’t miss the building while driving down Main Street, says Rebekah McGee, president and CEO of the nonprofit Downtown High Point.

Some folks remember it as the former First Citizens Bank. Others recall when it housed a Noble’s restaurant, or recognize its eye-catching pyramid out front.

Most recently, the 50-year-old building, also known as Showplace West, is known simply for being vacant. McGee says new tax incentives could jumpstart the move to transform it.

“There’s a big effort in downtown to revitalize our core and bring new businesses downtown, and one of the pieces that we’re really missing is housing," she says. "And it’s a huge impact to say that we have possibly 100 to 130 units in this building.”

One Plaza Center was listed in the National Register of Historic Places in April. More recently, state officials chose it for historic mill status due to its ties to two important furniture companies.

McGee says those designations provide tax incentives to offset what could be millions of dollars in restorations.

 

Paul Garber is a Winston-Salem native and an award-winning reporter who began his journalism career with an internship at The High Point Enterprise in 1993. He has previously worked at The Augusta (Ga.) Chronicle, The St. Louis Post-Dispatch, The News and Record of Greensboro and the Winston-Salem Journal, where he was the newspaper's first full-time multimedia reporter. He won the statewide Media and the Law award in 2000 and has also been recognized for his business, investigative and multimedia reporting. Paul earned a BA from Wake Forest University and has a Master's of Liberal Arts degree from Johns Hopkins University and a Master's of Journalism and Mass Communication from the University of North Carolina at Chapel Hill. He lives in Lewisville.

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