State Street seeks new glory days
GREENSBORO — In its heyday, State Street was a bustling retail district with grocery and hardware stores, restaurants and a movie theater.
Redevelopment transformed the shops along the street into State Street Station, a boutique destination of chic, upscale stores and fine-dining restaurants.
It’s a quiet street these days: Empty retail spaces. Less foot traffic. Long-standing businesses have made adjustments to stay in operation.
State Street is no longer the thriving retail district it once was, a result of the economic decline seen throughout the country. But many of its merchants say they wouldn’t be anywhere else. And the company that owns most of the buildings promises redevelopment soon.
Alliance Commercial Investments, a commercial real estate investment and property management company, is planning a complete renovation of State Street’s retail buildings.
This year, construction will begin on upscale apartments adjacent to State Street. The project was delayed last year because of the economy, but the company’s president, Jimmy Black, says things are improving.





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