Terrific to see Watershed Spa, a tenant of Buhl Investors' Switchhouse property, appear in The New York Times.
In a way this is validation, however, press doesn't always mean success. The greater impact has been seeing the community consistently showing up to sustain this local business. Before Watershed joined, the project was failing with missing windows, no heat, $4M of liens and a plan set that couldn't be constructed to drive consumer engagement. We stepped in, navigated complex lien positions, secured historic tax credits with the help of New History (Meghan Elliott, Quentin C.), changed the plans to accommodate retail activation on the ground level, and took an enormous measured risk in contributing toward spa infrastructure. Today this building is 100% leased.
Deals aren't particularly easy these days and creative thinking can help provide a pathway toward success, whether with financial structuring or physical space. We strive to excel at both. Health and wellness is an enduring trend that we see as integral in Buhl Investors work of pursuing the potential of place.
Many thanks to the contributing team members: Harrison Mohagen, Stephanie Matz - MLA, BS, Tyler Manning, Bridgewater Bank, Rethos, Studio BV, Studio M Architects, Inc., Matt Anderson, Sunrise Banks, Paul Berg, Winthrop & Weinstine, P.A., Kevin McLain, Katherine Johnson, Vantage Law Group, PLLC, Joe Nuñez
Retired Charlotte Division President at David Weekley Homes
1moNice job team, looks fantastic and your customers will love enjoying the stunning spaces it creates for them to experience!