May 2010

  • May

140 West Franklin Condo Construction to Begin in Summer

May 7, 2010

The Herald Sun – By Gregory Childress

Chapel Hill — Construction of the much-discussed and long-awaited 140 West Franklin condo and retail complex could begin by early summer.

Ram Development Co., the Florida-based, developer of the property, has hired John Moriarty & Associates Inc., to build the $40 million complex that will bring 140 condos and 26,600 square feet of retail space to downtown.

“Construction will begin this summer, either in June or July,” said George Sparling, vice president and general manager of Durham-based Moriarty Southeast, the southeastern arm of Massachusetts-based John Moriarty & Associates Inc. “The exact date will be determined by a couple of things.”

Sparling said the project will take about two years to complete.

Mayor Mark Kleinschmidt was excited about the news that construction would soon begin on the 140 West Franklin project. He said the town has been discussing and waiting for the project for about 10 years.

“It will help address numerous goals for downtown,” Kleinschmidt said.

He said those goals include connecting east and west Franklin Street, bringing a critical mass of residents to downtown as well as diversifying Franklin Street’s retail offerings.

“That’s really what we need if we’re going to secure a diversity of retail,” Kleinschmidt said, noting that residents often complain that there are too many T-shirt shops and bars on Franklin Street.

When completed, Sparling said 140 West Franklin will be a major asset to Franklin Street.

“We’re really proud to be doing this project because it is a flagship project for the town of Chapel Hill,” Sparling said. “It’s going to add a lot to the Franklin Street corridor.”

Sparling said his firm has been talking to local contractors and will hire locals to build the complex.

“We’ve found a great pool of talent here,” Sparling said.

  • May

A Big Thank You to Ram Real Estate

May 5, 2010

Ecoart Treasure Coast

Ram Realty Services has donated a studio space to Ecoart Treasure Coast, an ongoing effort to create opportunities for the community to interact with art to solve environmental problems.

Located in the Martin Downs Town Center in Palm City, the space will host exhibitions, apprentice and community meetings and serve as an “idea foundry” for the project’s six apprentices as well as volunteers.

“Ram’s generosity truly underscores the project’s collaborative spirit,” said Nancy Turrell, executive director of the Arts Council Inc., which launched Ecoart Treasure Coast in collaboration with the South Florida Environmental Arts Project. “Indeed, it illustrates how local environmental issues can be resolved when we unite leaders from the community’s arts, business, science, government, and philanthropy sectors.”

Founded in 1978, Florida-based Ram Realty Services pursues the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast, with a focus on the major markets in Florida, Georgia and the Carolinas. In addition to its development and value-add acquisition activity, Ram acquires non-performing and sub-performing mortgages secured by commercial and multifamily properties. Ram has offices in Fort Lauderdale and Tampa, Florida, Chapel Hill, North Carolina and Atlanta, Georgia, with its corporate office in Palm Beach Gardens, Florida.

Ecoart Treasure Coast is the first ever community eco-art education and apprenticeship in Florida. Ecoart Treasure Coast is funded by the State of Florida (Department of State, Division of Cultural Affairs) and the Community Foundation for Palm Beach and Martin counties. Additional funding for the project is still needed. For information about supporting the project, please contact 772.287.6676.


The Arts Council is the designated local arts agency for Martin County. The Arts Council provides services to visual and performing artists, arts organizations, students and the public and strives to instill a passion for and participation in the arts. For more information, please call 772.287.6676 or visit The Arts Council is sponsored in part by the Florida Department of State, Division of Cultural Affairs, the Florida Arts Council, the National Endowment for the Arts, the City of Stuart, Martin County Board of County Commissioners, and private contributions.


The South Florida Environmental Art Project’s primary role is to educate the general public, and leaders of key environmental and cultural stakeholder organizations in South Florida, regarding the significant role eco-art can play to enhance responsible stewardship of environmental resources in the region. To learn more, contact Mary Jo Aagerstoun, President, at 202.255.8769 or visit