| 1911 Photo
Former department store, second historic downtown structure purchased by foundation, will be center for nonprofits or arts groups.
The A.J. Fletcher Foundation is buying the former Boylan Pearce department store building on Fayetteville Street Mall in downtown Raleigh, NC and plans to turn it into a facility for nonprofits.
The foundation, which helped buy the historic Briggs Hardware building next door in 1997 for $500,000 and now occupies its top floor, paid $350,000 to the estate of Ruth Samuels for the Boylan Pearce building.
Tom McGuire, the foundation’s executive director, says renovations on the three-story, 20,000-square-foot building could cost up to $2 million
“We plan to create some type of center for nonprofits, either in the arts or other fields,” he says, with a gallery or performing arts area possibly located on the ground floor.