HOLLY SPRINGS — The developer of a multimillion-dollar project in downtown Holly Springs says he expects to begin construction in January.
Dan Klausner and three other investors own 2.9 acres on the corner of Earp and North Main streets.
Their project, known as Mosaic on Main, has two phases. Phase one is a 31,000-square-foot building with retail space on the bottom floor, office space on the second floor and rooftop space. Phase two is a 14,000-square-foot, two-story office building next door.
“With a couple signed leases, we’ll hopefully be breaking ground at the beginning of the year,” Klausner said in a recent interview.
He expects construction to take eight months.
The main building will have 13,000 square feet of space on its two floors and 6,000 square feet on the roof. It has room for up to eight to 10 tenants.
Klausner said five companies have signed leases to move in, and he’s negotiating with seven others. He declined to name the companies that have signed leases. One of them is a craft beer shop, he said.
Klausner and the other developers started the project more than a year ago. He said breaking ground on the project has taken longer than some expected because his group of investors is looking for “the right mix” of tenants.
He foresees a hometown boutique, spa and coffee shop.
“I’m not going to sacrifice the quality of the project just to have it built,” Klausner said.
Mosaic on Main will be the first new building in downtown Holly Springs in 10 years, according to Jenny Mizelle, the town’s economic development director. She said it’s likely to spur development elsewhere in downtown.
“It is a catalyst project, certainly,” Mizelle said.
Specht: 919-460-2608; Twitter: @AndySpecht