Local Investor Buys Two Buildings in Downtown Dothan

By: Tim Elliott Email
By: Tim Elliott Email

Efforts to spruce up downtown Dothan took a step in the right direction Tuesday.

After months of negotiations, a local investor purchased two buildings on Foster Street.

Chase givens with Eagle Investments has been working for about four months trying to seal the deal on these two properties.

He says he's joining the push to bring people and commerce back to downtown.

Workers are busy clearing out two vacant buildings on north foster street in downtown Dothan.

“Among all the buildings on foster street these are our favorites. They have very attractive qualities, unique qualities within the building and we really like the potential we saw in the buildings,” said Givens.

Givens purchased the properties Tuesday morning.

“Technically, four store fronts, two different buildings,”

He already has plans for the old Grand Mayan building, located next to District Ultra Lounge.

“Right now, we are only kind of solidified, partially, on an event venue with the Grand Mayan, the larger of the buildings,”

The other property is just across the street between the Bistro and W.I.N.D. market. What he'll use that building for is still up in the air. But he's getting input from neighboring business owners.

“Actually today we walked to every business on the street to kind of get a feeling for what they want,”

Givens says Dothan’s downtown revitalization project is not yet complete.

“I don't think so, not yet but I think this is a step in the right direction, and we're trying to work to push downtown Dothan into a place where people really want to go,” he said.

Givens wouldn't say me how much he paid for the two buildings but says he got a great deal.

He also said he's working on acquiring another property from the city.

Givens has not set a timetable for when the new businesses will open.

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