APEG meets with local business leaders

Bret Bevens

March 21, 2013

Frank Lewis

PDT Staff Writer

Thursday morning skull sessions for local business, government and education leaders at the Holiday Inn in Portsmouth continues to produce ideas and action.

“We had some people from APEG (Appalachian Partnership for Economic Growth) come down,” area developer Jeff Albrecht said. “They’re getting organized and they are getting interested in our community. It’s a big, big area that they serve and they just want to get to know us better.”

Albrecht said several growth projects are in the works for our area.

“There’s just a whole lot of things that are getting close. There’s just so many things on the bubble, that can work out,” Albrecht said.

Albrecht said the long-proposed New Steel project planned for Franklin Furnace continues to move in a positive direction. He said several components are in the works, which could bring about the start of that project.

Albrecht gave an update on his latest project “the Grassy Knoll” development between Second and Third streets in downtown Portsmouth.

“We have all of the properties under option,” Albrecht said. “We have to get the topography, and I have already engaged an architect. We have done some preliminary work on the area, but we have to have an exact survey, and the big thing that we are dealing with right now is the change in elevation from Second Street to Third Street. The floor has to be level, and we’ve just got to figure out how to put the building on that lot and make it work with the change in elevation from Second Street to Third Street.”

Albrecht said the building will include some retail, food places, space for offices, space for condominiums, and parking.

“It will be about an $8 million or $9 million project,” Albrecht said.

Frank Lewis may be reached at 740-353-3101, ext. 252, or at flewis@civitasmedia.com.