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The Clayton-Henry Whisper

Friday, December 21, 2007 - 3 Bedroom/2.5 Bath.....Morrow, Ga

South Metro Atlanta Real Estate: Georgia, Clayton County, Henry County, Spalding County

6437 Woodstone Terrace, Morrow, ga 30260

Maintenance Free Living

South Metro Atlanta Real Estate Sales: Georgia, Clayton County, Henry County, Spalding County

6437 Woodstone Terrace
Morrow, Ga 30260

Directions: I-75 South to Exit 233. Turn left on Highway 54 (Jonesboro Road) Woodstone will be on the left hand side of the road next to Krystals.

MLS No. 01935104

Price:

$55,000

Download PDF FACT SHEET - Requires Free Adobe Reader

Key Features:
 The Clayton County Whisper, Real Estate Blog, Georgia Conveniently located to Interstate 75, Southlake Mall and local shops and restaurants
Commercial Real Estate, Henry County, Georgia 3 Bedroom/2.5 Bath, Secluded Condo on dead end street
Commercial Real Estate, South Atlanta, Georgia Private patio and entrance
Commercial Real Estate, Clayton County, Georgia All appliances stay! Ceiling Fans!
Real Estate Sales, Clayton County, Henry County Move In Ready
Comments:  This condo is move in ready. Whether your looking to call it home or use it for investment property, this is a great find. Tennis court and remodeled pool area located on the complex premises. This condo is located close to shopping and restaurants. The C-Tran bus stop is just up the road. Interstate 75 is less than 1 minute away from entrance into complex.

Interested in this property or want to sell yours?
Call Brande (Brandy) now!

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Brande Bradford, Bradford Realty Group, Real Estate Salesperson

Brande Bradford
770-96
1-5520
| CONTACT ME |

Bradford Realty Group 
1115 Morrow Road STE D
Morrow GA 30260
770-961-5520
http://www.bradfordrealtygroup.com

"Brande, thank you for your hard work, your honesty, your kindness, and most of all your patience."

Lori. & Marvin S.,
Jonesboro, Georgia

Read The Whisper of Clayton County, Georgia - Real Estate Blog
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The information provided herein is for illustrative purposes only and is subject to error, change, omission, prior sale or lease, and/or withdrawal from market. Dimensions and sizes are approximate. Income & expenses are estimates. You should independently verify all statements of fact prior to obligating yourself to purchase or lease. If your property is currently listed with another broker, please disregard this solicitation.
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Saturday, July 21, 2007 - The Morrow Conference Center

The Morrow Conference Center

I just read in The News Daily that the City of Morrow's Downtown Development Authority is contemplating the purchase of the old Macy's building at Southlake Mall for use as a conference center.

For clarification, we are not speaking of the current location of Macy's. Macy's is now located in the old Rich's building at Southlake Mall. Rich's was acquired by the parent company of Macy's some time ago and they eventually converted the Rich's over to a Macy's.

The building we are speaking of is the old Davidson's building which is now sitting vacant. Davidson's was also acquired by the parent company of Macy's and converted over to Macy's prior to the acquisition of Rich's. When the acquisition of Rich's was made they closed the Macy's and eventually made the Rich's a Macy's.

We may not have the acquisition stuff exactly right, but we do know that Davidson's became Macy's, Macy's closed, then Rich's became Macy's. It is the Davidson's building we are talking about, not the Rich's. Confused yet? Good. Now I am not alone.
The News Daily reports "...the target of the conference center would be groups of 25 people or less", going on to refer to likely uses being host speaker panels, job training conferences, civic club meetings and large birthday parties. The development authority plans to use the 65,000 square foot ground level for the conference center with the remainder being leased to retailers.

In the article Mr. John Lampl, City Manager for the City of Morrow and Executive Director of the Downtown Development Authority is quoted as saying that other than the conference center and facilities at Hartsfield-Jackson Atlanta International Airport there are currently no similar facilities in Clayton County.

Arguably, there are no similar facilities in Clayton County, but there may be a good reason for it. Having, on occasion, needed to obtain space for meetings and other events I have had little difficulty finding a place to hold an event.

Birthday parties are easy. Many restaurants will provide a room for up to 20 or 25 people free of charge, provided they eat meals. Children, of course, prefer their parties to be at children oriented establishments, not at a conference center. Many churches will provide a free or low cost room in their fellowship hall for birthday and anniversary parties of their members. The supply of locations to have birthday parties is so large that it is doubtful could not make a significant contribution to the operations of a local conference center.

Civic clubs holding their meetings at the conference center was also mentioned. For years, Southlake Mall had a community room in which they allowed civic clubs to meet. I do not know if they still do, and if so at what cost. Like with birthday parties, many restaurants will freely provide a meeting room provided that many of the attendees also purchase a meal. I know of at least one civic club in the county which owns its own building and, the last time I had reason to check, occasionally rented it for meetings at a reasonable cost.

Hotels also provide meeting rooms. Holiday Inn South has for decades been an active conference site. I have attended countless classes and functions there, as well as other motels within the county.

I have the opportunity to attend classes related to my profession on occasion. Usually, these classes are held in the conference room of a motel under the arrangement that the sponsor of the event will receive a free hotel room and/or meeting room provided that a specific number of rooms are rented to those attending the class.

Certain government and quasi-government agencies also provide similar facilities. I have attended classes, meetings and functions at libraries, colleges, parks, bank conference rooms, city facilities and many other similar locations.

Over the years a number of "banquet" facilities have come and gone in the county. These facilities tried to provide somewhat similar services as is planned for the Morrow conference center. Off the top of my head, I can not recall any that have made it over the long haul.

The problem with privately owned dedicated facilities is the cost of owning the facility is so great that in order to make a profit off of ownership and management the rental rates you must charge for an event can be exorbitant.

Your customers do not realize that you must build into their rent the cost of owning and maintaining the space during the time it sits unused between events. This is why event space is often provided by business which can benefit either through direct event related sales or community goodwill resulting from offering the space.

I also see much of the problem as being not so much the availably of event space within Clayton County as there is no single place to go to discover who offers such space. To find a place to hold a meeting can take hours of phone calls, not to mention the considerable amount of time inspecting the space offered to determine its suitability for the anticipated event. (As part of the Whisper of Clayton County web site, Brande & I may consider offering such a listing of event facilities.)

What I do not know is if such a facility can cover its cost. I hope that the City of Morrow has had a feasibility study conducted to determine if there is sufficient demand to support such a facility. In order to justify such a risk of public funds, the demand must not only be evident, it should be substantial.

I would hope that such a study would indicate the probable sources for the demand and their relative impact. In other words, where would the business come from and roughly how much from each source? This is not to say specific users must be identified and analyzed, but market segments should be.

I think a study of the economic impact of the proposed venture on existing businesses within the market area would also be in order. While such an enterprise may help some businesses, what effect will it have on existing private businesses which already provides event space in the community? Even though the existing motels may not use their meeting facilities as much, will additional room rentals from conference center attendees more than offset the loss?

It would also be useful to know the habits of those attending functions at such a facility. What percentage of attendees only attend the function and spend no money within the community otherwise? What percentage will browse the mall and possibly spend money there. What percentage will venture out into the local community and spend their money with other local businesses?

Certainly there have been studies elsewhere across the nation which can shed some light on these questions. If nothing else, the businesses along Main Street in College Park could be polled to see how much business they derive from that city's convention center.

A successful conference center can be a real asset for the City of Morrow. But, the financial success of the venture itself can not be the sole criteria for determining its success. To be successful the venture must bring more revenue into the local private sector than existed prior to the venture. It must promote the creation of local private sector jobs and it must enhance the desirability of the city as a place to live and conduct business. Otherwise, the public's money should be used for a more deserving purpose.

 


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The Clayton-Henry Whisper features commentary affecting real estate in Clayton County and Henry County, Georgia. Also featured are selected real estate listings sorted by city. Visit the Clayton-Henry Whisper often to keep abreast of the local real estate market.

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