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Father-son team plan to raze building on Grace and put up new apartments

The space formerly home to Shawarma Shack and several other eateries over the years would be replaced by a three-story building with 21 apartments.

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Local investors grab foreclosed downtown bank building at auction for $570K

Local investors grab foreclosed downtown bank building at auction for $570K
BizSense file)
Antar Abouzaki has a knack for sniffing out deals at auction.
Last Friday, he and a group of investors won the foreclosure auction for the old bank building-turned-nightclub at 1005 E. Main St. with a winning bid of $570,000.
It was the second time the building’s been auctioned in recent years. A pair of West Virginia investors bought it in 2015 for $1.02 million at a bankruptcy-ordered auction, only to default on the property earlier this year.
About 30 people were in attendance at Friday’s auction. Auctioneer Walker Commercial Services kicked off the bidding with a $170,000 bid from an online party. Roughly four minutes later, Abouzaki was announced the winner.

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