The North Carolina Association of REALTORS® (“NC REALTORS®”) cleared the final hurdle in its purchase of the historic Heck-Andrews House in downtown Raleigh. Purchased as a part of Governor Pat McCrory’s Project Phoenix, the final closing price for the property was $1.5 million. NC REALTORS® was represented by the Ragsdale Liggett law firm and partner, Robert Ramseur in the transaction.
“This process has been many months in the making, and we are excited to clear the final step today,” said NC REALTORS® Chief Executive Officer Andrea Bushnell. “The purchase of this property represents our commitment to be firmly rooted in the Raleigh community advocating on behalf of homeowners and consumers, while continuing to better serve our members.”
Located on historic Blount Street in downtown Raleigh, the Heck-Andrews house was completed in the early 1870s and is a true representation of the Second Empire style. NC REALTORS® plans a significant renovation to return the home to its original state and has engaged James G. Grady, PhD, AIA of James Grady Architect, Inc to lead the project. Once completed, the house will serve as the headquarters for the NC REALTORS® Government Affairs Department, as well as event space for association events and rental by the general public.
“As REALTORS®, we are committed to preserving properties of importance in our local communities,” said 2016 NC REALTORS® President Kim Dawson. “When we were presented with the opportunity to purchase the Heck-Andrews House, we knew we couldn’t pass it up. We can’t wait to see it restored it to its former glory.”