Commercial Real Estate

The Capitol Encore Academy purchases new building

By Staff Report, posted 3 years ago

The Capitol Encore Academy, an arts-integrated public charter school located in downtown Fayetteville, has purchased a building to expand its educational reach from K-8 to K-12.

The new building is located at 200 Mason Street. The building was originally built in 1968 and was renovated in 2010. 

At just around 30,000 square feet, the three-story building also comes with 67 parking spaces. “The first two floors of the building will hold the regular academic classrooms, officers, cafeteria, and conference rooms,” stated in the press release. “The third floor will host the art classrooms and the TCEA High School theater space.”

With this new building, the student capacity will increase from 600 students to 730 The school expects enrollment of 1,000 scholars in the years to come. 

Currently, the school has 67 full-time employees and nine part-time. The academy hopes to add 14 FTEs and increase employment by 36 percent. 

The current expansion and supporting construction costs are valued at $7,500,000, according to the press release. The project is being funded with educational bonds. 

The community is welcomed to celebrate this occasion with a ribbon cutting on July 28 at 5 p.m.

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Positively grape: Twisted Vines Vineyard supports local entrepreneurs and helps visitors make lasting memories

Owners Dana and Tracy Horne planted their vineyard in 2009. In 2019, they introduced their u-pick vineyard, and visitors loved the addition. They’ve also added a 4,608 sq ft. venue available to rent for events. Photo by Emily Grace Photography.Twiste


Ensuring future economic competitive edge: City of Dunn water treatment plant expansion is part of larger regional development

Mayor Elmore saw the necessity for this land acquisition when he first took office six years ago. The land owner recently came around to negotiations on the condition the sale was for all of his parcels. This is more land than the City of Dunn curren


Fayetteville’s evolving job market: Opportunities, trends and community investments

While the weather outside is cold, the local job market is hot. Fayetteville employers continue to bring on additional talent across a variety of industries.Quality employment opportunities are available at companies across Fayetteville and Cumberlan