By ANTHONY DeFEOanthony.email@example.com
Renovations are set to begin on the former Discount Furniture Mart building in Ormond Beach.
The 27,540-square-foot-building, at 589 S. Yonge St., is along a stretch of the city’s U.S. 1 corridor known for having a large amount of home-related businesses.
The building changed hands in November through a $600,000 short sale, according to Carl Lentz, a real estate agent with Realty Pros Assured in Ormond Beach, who negotiated the transaction on behalf of both the buyer and sellers.
The sellers were Kenneth and Candace Smith of Palm Coast, the former operators of Discount Furniture Mart.
Candace Smith, who now works for Aveo Engineering in Palm Coast, told The News-Journal several months ago that she and her husband decided to close their store this past summer after Kenneth Smith broke his back in an accident in early 2012.
The building’s new owner is Mike Nikzad of Flagler County, who owns Nikzad Plaza in Palm Coast, where his family runs a furniture store called Home Design Furniture.
“Their intention would be to remodel the entire building,” said Lentz of the Nikzad family. “Then they will have (additional) spaces available for lease once those renovations are complete.”
Jackie Nikzad, one of Mike Nikzad’s daughters, said her family plans to convert the 25,000-square-foot former showroom space for Discount Furniture Mart into a second location for Home Design Furniture.
“We’re looking to open in February,” she said, adding, “We’re excited about our expansion to Ormond.”
The new store will employ 15 workers, Jackie Nikzad said. “We’re going to update the building and make it look beautiful and lease out the end spaces (to other businesses).” she added.
Jackie Nikzad said other family members involved in running Home Design Furniture include her brother David and sister Sara.
“We’re going to offer quality furniture at great pricing,” Jackie Nikzad said.
Built in 1961, the former Discount Furniture Mart building is part of a large retail plaza near the corner of Yonge Street (U.S. 1) and Fleming Avenue.
Rick Fraser, executive director of the Ormond Beach Chamber of Commerce, said the close proximity of several furniture stores on that stretch of U.S. 1 gives shoppers a lot of choices.
“I know that there’s a lot of furniture stores in that stretch. Although they may compete, it’s like the (Daytona International) Auto Mall,” Fraser said. “People who are looking for autos or, in this case, furniture don’t have to go driving around the county.”
News-Journal Business Editor Clayton Park contributed to this report.
Source : http://www.news-journalonline.com/article/LK/20131231/News/605079745/DN/