Investor purchases to help give downtown a facelift - KSWO 7News | Breaking News, Weather and Sports

Investor purchases to help give downtown a facelift

Amarillo, Texas - Three and a half blocks of downtown Amarillo property have recently been purchased by an investment alliance.

The Prana Development Group, which is comprised of several business leaders in Amarillo, have purchased properties including the Commerce Building and the former Blackburn Brother's store, which has been a vacant eye sore in downtown.

Investors say they plan to spend $10 million if not more on these projects. Office space will be a majority of the plans along with the possibility of more retail.

Member of the Prana group, Alan Rhodes, says they wanted to do their part in giving downtown a facelift, and they've already taken measures to do that.

"One of the first things that we've done is we've got the plywood off the outside of the Blackburn's building. I don't know if you've taken a look at it, but it was not looking that good. And while we don't have current plans for it, we wanted to get it in better shape. We want to develop our strategy for it," Rhodes said.

Rhodes says their first plan of action will be the Commerce Building that sits mostly vacant. Renovations for new office space to bring in more business is their goal.

  • Local NewsNewsMore>>

  • Texas school shooting survivors face a 'spiritual war zone'

    Texas school shooting survivors face a 'spiritual war zone'

    Monday, May 21 2018 12:52 AM EDT2018-05-21 04:52:04 GMT
    Monday, May 21 2018 2:26 PM EDT2018-05-21 18:26:53 GMT
    (Elizabeth Conley/Houston Chronicle via AP). A billboard is seen off of I-45 near Santa Fe, Texas, where a student shot and killed eight classmates and two teachers at Santa Fe High School.(Elizabeth Conley/Houston Chronicle via AP). A billboard is seen off of I-45 near Santa Fe, Texas, where a student shot and killed eight classmates and two teachers at Santa Fe High School.

    The shooting suspect, 17-year-old Dimitrios Pagourtzis, has been jailed on capital murder charges.

    The shooting suspect, 17-year-old Dimitrios Pagourtzis, has been jailed on capital murder charges.

  • Divided Supreme Court sides with businesses over workers

    Divided Supreme Court sides with businesses over workers

    Monday, May 21 2018 10:21 AM EDT2018-05-21 14:21:59 GMT
    Monday, May 21 2018 2:25 PM EDT2018-05-21 18:25:59 GMT
    The justices ruled 5-4 Monday, with the court's conservative members in the majority, that businesses can force employees to individually use arbitration to resolve disputes. (Source: Supremecourt.gov)The justices ruled 5-4 Monday, with the court's conservative members in the majority, that businesses can force employees to individually use arbitration to resolve disputes. (Source: Supremecourt.gov)

    A new Supreme Court will allow employers to prohibit workers from banding together to complain about pay and conditions in the workplace.

    A new Supreme Court will allow employers to prohibit workers from banding together to complain about pay and conditions in the workplace.

  • NRA links school violence to Ritalin but experts deny link

    NRA links school violence to Ritalin but experts deny link

    Sunday, May 20 2018 6:51 PM EDT2018-05-20 22:51:57 GMT
    Monday, May 21 2018 2:25 PM EDT2018-05-21 18:25:06 GMT
    (Elizabeth Conley/Houston Chronicle via AP). Flags fly at half staff in front of the justice center at Santa Fe, Texas on Sunday, May 20, 2018. Congregations in this deeply religious community near Houston gathered Sunday for their first worship servic...(Elizabeth Conley/Houston Chronicle via AP). Flags fly at half staff in front of the justice center at Santa Fe, Texas on Sunday, May 20, 2018. Congregations in this deeply religious community near Houston gathered Sunday for their first worship servic...
    The National Rifle Association's incoming president is linking school shootings to using medications such as Ritalin.
    The National Rifle Association's incoming president is linking school shootings to using medications such as Ritalin.
Powered by Frankly