Commercial Real Estate

The Capitol Encore Academy purchases new building

By Staff Report, posted 4 weeks 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.

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