Last edited 8:36 a.m., Feb. 7, 2019
Morelock Builders & Associates Inc. is scheduled to break ground next week on a residential and commercial development in Rogersville that officials say will be a $100 million project.
In an emailed invitation to the 10 a.m. Feb. 15 groundbreaking ceremony and news conference, Morelock Builders project manager Frank Schwartz said the project dubbed Logan Estates Community would comprise 72 apartments, 35 single-family homes and 104 units for those aged 55 and over and veterans. A retail portion also is planned for the development that “at completion, will be a $100 million project,” according to the invitation.
“Morelock Builders & Associates is excited about the phenomenal growth underway in the city of Rogersville and proud to be a part of this vibrant community,” Schwartz said via email.
He could not be reached for additional comment this morning. Dana Neeley-Smith, who handles marketing for Morelock Builders, confirmed the project was in the works but was unable to provide more details by deadline.
The project is planned on vacant acreage north of Citizens Bank of Rogersville along U.S. Highway 60, KY3 was first to report. The property is owned by Logan Estates LLC, and the ownership company’s organizer is Morelock Builders President Wayne Morelock, according to Greene County assessor and Missouri secretary of state records. KY3 reports the new plans represent the second phase of the Logan Estates neighborhood. It’s unclear if the adjacent neighborhood, which already has portions completed, is included in the $100 million development figure.
The groundbreaking is slated to be held at 707 W. Center St. in Rogersville, according to the invitation.
Morelock Builders also is currently developing The Villages at James River, a $10 million 55-and-older development, on 9 acres a mile east of the U.S. Highway 65 and State Highway CC interchange in Ozark, according to past Springfield Business Journal reporting. The project is a partnership with Triple S. Properties Inc.
Local developer plans renovations after investing $5 million in foreclosed property acquisitions.
As employees are more mobile and have a desire to work from home, Haden Long owner of Ellecor, explains office spaces are trending towards a more home-like feel. Things like shared work spaces, office pets, and cozy furnishings allow employees to be selective about where they work and become more effective as a result.
Every industry has to navigate trend shifts, but Scott Shotts of Missouri Spirits describes the changes in beverage industry as anarchy. Tried-and-true spirits rules are being ignored. Learn how the local distillery balances following the trends for product development with taking risks.
Kevin Wyas, founder of ECRI, started his first business at the age of 19, ran the business for 16 years before selling it. He recognizes the benefits of starting a business so young when he had relatively little to lose. "The stress and the uncertainty of this would be crippling," he says for somebody accustomed to a regular paycheck.
ighty percent of questions are common across industries, so you don't need industry-specific experience to do effective market research according to Debra Kassarjian, independent consultant and owner of DKInsights. As a matter of fact, she thinks there is a great deal to be gained from exchanging ideas outside of your industry.
Danny Collins, 37 North founder and guide, says the biggest leap they took in the first year was to purchase a vehicle. That major financial investment, however, allowed them to provide their outdoor guide services at a price point they felt was more appropriate.
Springfield Diner owner Ömer Önder sits down with a restaurant consultant who starts challenging the menu offerings."No bashful food." The blunt conversation is the launching off point to determine how the Mediterranean influence will affect the young restaurant's offerings in the future. Made to Order is an ongoing sbjLive documentary series in collaboration with Springfield Business Journal tracking the rebranding of a local restaurant.
Haden Long, owner of Ellecor, opened a retail home decor business five years ago in a traditional retail space. When the interior design side of the business took off, she decided to renovate a 100-year old bungalow to better show off product samples and installations.
Scott Shotts, partner with Missouri Spirits, says when they started in 2011 there were approximately 300 distilleries in the U.S. and now there are more than 3,000 so competition has grown significantly. Diversification of their business model has helped them succeed.
Matthew Blystone of Theta Float Spa had the financial means to start the unique business, but used crowdsourcing for pre-orders to determine market interest in addition to gathering a nice cash reserve before opening.
Avery Parrish with the Springfield Regional Arts Council explains how businesses can display local art in their spaces for a fraction of the price of investing in a permanent collection. The corporate partnership program allows a business to select from a customized portfolio of local artists' work curated based on the company's mission and aesthetic that can be switched out every six or 12 months.