Monday, March 28, 2011

Mixed Use Development Planned for Bates Building in Downtown Owensboro

Terry Woodward said last week he has purchased the three-story Bates Building at 101 W. Second St., the building next to it and a large vacant lot on Veterans Boulevard for $1.2 million.

The owner of WaxWorks/VideoWorks plans to build a "mixed-use, retail, high-rise condominium" on the lot, after the Bates Building has been restored.

"That is my plan," Woodward said. "Obviously, it's very preliminary, but that's what I want to do."

The purchase includes the building at 105 W. Second St., occupied by Patti's ReSale store (the former Woolworth's). The open lot behind those two buildings overlooks Veterans Boulevard and Smothers Park. The large lot sits between the city's parking garage and the American Legion.

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