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From the Ground Up: Compass Plaza

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Owner/developer: Compass Builders

General contractor: Compass Builders

Architect: B&G Drafting Inc. and Time/Design Residential Design Services

Engineers: B&G Drafting Inc.

Size: 40,000 square feet

Estimated cost: $4 million

Lender: Peoples Bank and The Seymour Bank

Estimated completion date: Feb. 28

Project description: Tom Plemones and son-in-law Tim Carey, owners of Rogersville’s Compass Builders, have been creating Compass Plaza since January 2003. Now, only eight units of the nine-acre center’s 30 units remain under construction and available for lease, according to Plemones. Current tenants include a day care, beauty shop, drycleaner and dance studio. The final eight units, 1,200 square feet each, have lease rates of $7.50 to $9 per square foot.

Reporter Cory Smith brings you new projects each week. He may be reached by e-mail, by fax at (417) 799-0603 or by phone at (417) 831-3238.

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