Printer Friendly

TEAM BUILDING NCNB CORPORATE CENTER TO BUILD HABITAT FOR HUMANITY HOUSE IN CHARLOTTE

                  TEAM BUILDING NCNB CORPORATE CENTER TO
              BUILD HABITAT FOR HUMANITY HOUSE IN CHARLOTTE
    CHARLOTTE, N.C., Nov. 18 /PRNewswire/ --  The team developing the Carolinas' tallest tower will take time to build a house for a low- income family in Charlotte.
    NCNB (NYSE: NCB) , Charter Properties Inc., Lincoln Property Co. and McDevitt & Street Co. announced today that they will work together to build a Habitat for Humanity house from the ground up in Charlotte's Belmont neighborhood.
    Susan Hancock, executive director of Habitat for Humanity in Charlotte, said the cooperative effort is unique in the Adopt-A- Home program for the Queen City.
    "We've had churches team up on a house but this is the first time corporate entities have banded together to build one," Hancock said.
    Sherwood Webb, senior project manager for McDevitt & Street on the NCNB Corporate Center, and Lee G. Lyles, an NCNB senior vice president, announced the cooperative Habitat project jointly.
    "We're putting up a world-class high-rise building," Webb said. "But we also are concerned about people who need basic housing. Adopt-A-Home lets us express that in a concrete way."
    Normally, an Adopt-A-Home effort requires a sponsor to contribute $37,000 and volunteer labor for construction.
    Webb said contractors and subcontractors for McDevitt & Street on the NCNB Corporate Center will contribute materials and labor to the house. NCNB and Charter Properties will contribute the balance of the house costs, Lyles said.
    Volunteers from NCNB, Charter Properties, Lincoln Property and McDevitt & Street will join the prospective homeowners to construct the house from the concrete slab to the rooftop.
    "We hope to complete the Habitat Adopt-A-House in May 1992, about the time we'll be putting finishing touches on the NCNB Corporate Center and adjacent projects," Lyles said.
    Construction on the house will begin in April 1992.
    Hancock said Habitat will pick a low-income family to occupy the house. The family will have young children and at least one employed adult and will come from either public housing or substandard housing in the neighborhood.
    Charlotte's Habitat for Humanity chapter has built more than 130 houses, including 32 this year. Fifteen of those 32 were constructed through the Adopt-A-House program.
    The NCNB Corporate Center at The Square in uptown Charlotte includes the 60-story NCNB tower, Founders Hall enclosed atrium and retail space, a restaurant and health club and a parking garage. The North Carolina Blumenthal Center for the Performing Arts is also part of the project.
    -0-                 11/18/91
    /CONTACT:  Ellison Clary, NCNB Corporation, 704-386-8633/
    (NCB) CO:  NCNB Corporation; Charter Properties Inc. Lincoln Property
     Co.; McDevitt & Street Co. ST:  North Carolina IN:  CST FIN SU: DF -- CH008 -- 4580 11/18/91 15:45 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 18, 1991
Words:442
Previous Article:FITCH AFFIRMS CREDIT CARD SECURITIES DESPITE 14 PERCENT CAP PROPOSAL -- FITCH FINANCIAL WIRE --
Next Article:CYBEROPTICS CORPORATION STOCK TO TRADE IN THE NASDAQ NATIONAL MARKET SYSTEM
Topics:


Related Articles
Home Depot, NASCAR Drive Nails for Habitat for Humanity; Partnership to Raise Funds to Build 100+ Homes Across North America.
NewSouth Communications Hammers for Habitat.
Bank of America Honors McColl with Habitat for Humanity Building Drive.
Bank of America Backs Habitat for Humanity's Innovations in Family Enhancement Programs; Twelve Local Communities to Receive Grant.
Financial Services Companies Expand Unique Industry Partnership to Build Affordable Housing in Cobb County, Georgia; Atlanta Area Financial Services...
Whirlpool Home Appliances and Reba Deepen Commitment to Habitat for Humanity With 2005 Tour; One Dollar From Each Ticket Sold Will Support Habitat...
NLC and Habitat for Humanity to build houses at Congress of Cities.
Habitat for Humanity and Bank of America Celebrate 20-Year Partnership.
Congress of cities to feature house build.
Bank of America Charitable Foundation Donates $6 Million to Habitat for Humanity International.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters