Business: West Third Street developers purchase key building from Ira Levy as another River District puzzle piece assembled.

Business: West Third Street developers purchase key building from Ira Levy as another River District puzzle piece assembled.

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As vivid as Four Stones Real Estate’s plans are for West Third Street, they need only look across the Oostanaula River to see how things are done and done right in downtown Rome.

The examples are the Forrest Building, the Hawthorn Suites (with expansion plans continuing), the Lofts at Broad and Third and other key sites along Broad Street. All the handiwork of Ira and Libby Levy over the years.

The Levys have sold their building at 338 W. Third St. to the Four Stones’ partners for $1.9 million as they continue to assemble property for a major remake of parts of the River District. In addition to dealing with the city of Rome for more than two acres near the Courtyard Rome Riverwalk, Four Stones has been picking up other spots as well. This one, from the real estate trust the Levys established, SEBE Investments, covers just under an acre and was the former home of the late Bernard Neal’s hardware store.

It is the current home of First Bank Mortgage and National Copiers.

Jimmy Byars of Hardy Realty represented the Levy family in the deal.  For more on the West Third plans, please see this story from March.

As for Levy: He’s got another deal closing on Broad Street this week. We’ll have more on that one as it is signed.

Some of the concepts proposed by Four Stone Real Estate for West Third St.
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