Augusta Business Daily

Thursday, June 8, 2023

Iconic Broad Street building converting to lofts and retail spaces

The approximate 10,000 square foot, three-story Marketplace Antiques Building was sold to Adaire Pennington with the intent of revitalizing the property to feature loft apartments on the second and third floors and retail space on the first floor. (Photo by Neil Gordon)

The historic Marketplace Antiques Building at 1208 Broad Street will soon follow the path of other developers in downtown Augusta— with mixed-use housing and retail. The new owner, Adaire Pennington, is excited about preserving this historic building.

“Augusta’s downtown has so much potential, and I intend to play a role in helping it grow. I have a long road ahead in an attempt to preserve the building’s rich historic charm, but I know that the end result will be rewarding”.

According to the property’s broker, Jordan Trotter Commercial Real Estate, Pennington’s plan is to build historic lofts upstairs with modern amenities on the top two floors and retail space on the ground floor. With nearly 6900 square feet on the top two floors, there is room for multiple loft apartments.

The ground floor has approximately 3,333 square feet. A retailer developing a concept would have the benefit of being next door to Farmhaus Burgers and Craft & Vine, two busy downtown restaurants.

Adaire Pennington pictured here doing a podcast— purchased the property at 1208 Broad Street and is excited about preserving the building. (Photo from Podcast: The Entrepreneur’s Guide to Perfect Days with Adaire Pennington)

Pennington, a native of Charleston, has been heavily involved in Augusta Real Estate sales and development after an 8-year stint as the owner of Fix Blow Dry on Highland Avenue in Augusta.

She’ll take over a building that at one time, claimed to be Augusta’s oldest and most eclectic antique emporium, featuring two floors of vintage and antique treasures along with Masters’ Memorabilia.

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