The City of Greensboro is considering a $200,000 loan to developers Bob Isner and Nate Bowman to rehabilitate the historic William Field House on Arlington Street near the intersection with Lee Street. Once construction is complete, the loan would be forgiven.
The two-story Italianate brick house built around 1876 is described by the Greensboro Housing and Community Development Department as "one of the oldest remaining homes in the city." The rehabilitated Field House will provide office space. Behind the historic house 14 luxury condos at the planned Fountain View at Southside are already offered for sale.
The professional-class live-work complex will mark a striking contrast to the Beloved Community Center Homeless Hospitality Center, a rambling structure with peeling paint next door where homeless men and women show up for breakfast and showers between 8 and 9:30 a.m.
The historical building and new condos will tie into the celebrated Southside neighborhood, also developed by Isner.
The loan is included in the consent agenda -- items considered noncontroversial -- prepared for the Greensboro City Council's approval on Tuesday. Items on the consent agenda are approved in one vote, unless a council member requests that an item be removed for discussion and separate vote.
The developers estimate construction costs at $335,000. The housing and community development department calls it a "much needed project."
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