NC Music Factory founders converting West Morehead building into creative office space, possibly restaurant
Posted on 29 May 2013 by Justin Ruckman
Ark Ventures Inc. (AKA Rick & Noah Lazes, founders of the NC Music Factory) have purchased 1213 W Morehead St near Wesley Heights. They plan to convert the building into creative office space, perhaps with room for a restaurant.
The building, 1213 West Morehead, is across from the southbound I-77 exit ramp onto Morehead. It went into foreclosure in 2012. Ark Ventures, headed by Rick and Noah Lazes, purchased the building for $750,000 from CommunityOne Bank in February.
Noah Lazes says Ark will begin renovations soon to convert the single-story brick building into shell space for studio offices from 1,000 square feet and up. Ark Ventures is best known for its N.C. Music Factory development, and Lazes says the studio office space there has remained well occupied.
The Morehead building sits on 1.4 acres and has more than 100 surface parking spots, and some of the spaces have roll-up garage doors as well.
“There’s just not a lot of that kind of space around where you can have a cool building with character, park right out in front of it and walk right in,” he says. “I think it’s a fantastic location and that area of town has a lot of upside.”