On Thursday, Aug.19, High Point City officials announced that the city had an anchor tenant for the building at 275 N. Elm St. that’s a key part of that city’s downtown redevelopment plan.
Key Risk, a commercial insurance company that won an incentives package from the City of High Point earlier this summer, will begin operations in early 2022 and take up the third floor and half the second floor of the building – becoming what city leaders and economic development officials in High Point are calling the building’s “anchor tenant.”
To mark the decision in a public way, Key Risk hosted a family night for all its employees at the High Point Rockers baseball game against the Lexington Legends Thursday night. In fact, Key Risk President Scott Holbrook threw out the first pitch.
City officials are happy to see the deal come to fruition, but it was reported in the Triad Business Journal months ago – even before the city granted Key Risk an incentives package – that the insurance company specializing in worker’s comp would be occupying the building.
The 275 North Elm Street building is one of several parts of “The Outfields,” one section of the extensive master redevelopment plan meant to revitalize downtown High Point.
High Point Mayor Jay Wagner was just one of the city leaders who said he was happy to see the deal complete.
“It is an essential part of our revitalization effort to bring jobs back downtown,” the mayor stated in the August 19 press release marking the deal as complete. “We welcome Key Risk as a partner in our effort to bring engagement and vibrancy back to our downtown 365 days a year.”
Sandy Dunbeck, the director of High Point Economic Development Corporation said, “We love to see this fantastic workers compensation provider locate in downtown High Point. This is an excellent example of creativity meeting commerce and speaks to the strengths of Greensboro-High Point and Guilford County as an excellent place to do business. The City’s goal has been to provide assets and quality of life for companies exactly like Key Risk to want to bring their operations here. We know the High Point community and our region has the resources that will support the company’s immediate and long-term growth plans.”