Greensboro College is no longer housing students at the Inn at Greensboro College, the former motel on Market Street at Mendenhall.
Spokesman Lex Alexander said the college no longer needs the facility to accommodate all of its students who want to live on campus. The college’s lease on the building will expire in November.
The building’s owner, Abdul Abu-Hashem, is making maintenance repairs and preparing to rent the apartments to students and possibly young professionals. He hopes to begin advertising for new tenants in October, he said in a telephone conversation today.
“We’re going to make it as good as it was, even better,” he said.
Abu-Hashem operates several other apartment buildings in Greensboro and formerly owned the two Big City Pizza and Subs restaurants on Market Street downtown and Spring Garden Street west of the UNCG campus (updated per the Business Journal report cited in a comment below).
The college bought the 61-unit building in 2002 as part of an ambitious expansion plan. At the time the motel had a reputation as a fleabag occupied by drug dealers and prostitutes. The college’s purchase and extensive renovation removed a chronic problem and eyesore for College Hill and Westerwood.
Greensboro College suffered a financial crisis in 2009; its debt-reduction efforts included selling the building in 2011 to Abdul Brothers Investments. The college has leased the building since then. Last year, Abdul transferred ownership to another of his companies, Dalen Investment Group.