One man now owns 12 buildings in downtown Monroe - KNOE 8 News; KNOE-TV; KNOE.com |

One man now owns 12 buildings in downtown Monroe

Posted: Updated:

MONROE, La. (KNOE 8 News) - The purchase agreement for Jay Marx to sell the Southern Hardware and Supply Company, as well as the Poolside Shop has been finalized. Nolan Crane spoke with the man who paid almost $400,000 for both buildings and he is no stranger to the area.

Michael Echols works as the director of business development for Vantage Healthcare. But on his free time he buys and restores buildings in downtown like Rain Salon and Duck and Dressing. With his recent purchase of the Southern Hardware and The Poolside Shop, he now owns 12 buildings in downtown Monroe.

"It's just been a great investment and it's been a lot of fun bringing back those old buildings," said Michael Echols.

The Southern Hardware store had been in the Marx family since 1890 and after four generations Jay Marx has decided to retire. With four stories and 55,000 square feet of open space Echols sees a good opportunity to help vitalize downtown.

"I think long term the buildings set up well for some type of condominiums, or apartments or even a boutique hotel with retail across the bottom. I think there is a lot of potential for it and in the next number of months we're going to developing a plan as to what we're going to do with the buildings," said Echols.

Members of the downtown economic alliance like the vision Echols has and are grateful for investors who help make downtown the heart of the city.

"As you can see what he has done up there with the corner of North 4th Street and Desiard Street with Rain and now with the Duck and Dressing and some of his other buildings that he's doing, he has a real good vision also of not only is downtown a place to work but downtown can be a retail center and also a service center," said Larry Bratton.

These buildings have a lot of history and although the names and decor will change the look will remain the same. Although Echols bought the buildings he didn't buy the name of the stores because Marx said it's priceless and his family's name isn't for sale.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Head-on crash kills Rayville man

    Head-on crash kills Rayville man

    Wednesday, April 23 2014 11:41 AM EDT2014-04-23 15:41:23 GMT
    RAYVILLE, La. (KNOE 8 News) -On April 22, 2014, at 8:00 p.m., Troopers assigned to Louisiana State Police Troop F responded to a two vehicle fatal crash on Whitehall Road south of Louisiana Highway 15.
    RAYVILLE, La. (KNOE 8 News) -On April 22, 2014, at 8:00 p.m., Troopers assigned to Louisiana State Police Troop F responded to a two vehicle fatal crash on Whitehall Road south of Louisiana Highway 15.
  • Vieux Carre put up for auction

    Vieux Carre put up for auction

    Wednesday, April 23 2014 12:15 PM EDT2014-04-23 16:15:30 GMT
    MONROE, La. (KNOE 8 News) - The Vieux Carre store and restaurant on North 18th street is closed down, and the entire moveable contents are up for auction.
    MONROE, La. (KNOE 8 News) - The Vieux Carre store and restaurant on North 18th street is closed down, and the entire moveable contents are up for auction.
  • Dean Hart, Jr. given bail

    Dean Hart, Jr. given bail

    Wednesday, April 23 2014 5:02 PM EDT2014-04-23 21:02:22 GMT
    MONROE, La. (KNOE 8 News) - A judge has given Dean Hart, Jr. the opportunity to post bail with conditions.Our reporter is in the courtroom, and we will update this story as it comes available.
    MONROE, La. (KNOE 8 News) - A judge has given Dean Hart, Jr. the opportunity to post bail with conditions.Our reporter is in the courtroom, and we will update this story as it comes available.
  • Corrections officer arrested for sexual misconduct with inmate

    Corrections officer arrested for sexual misconduct with inmate

    Wednesday, April 23 2014 3:00 PM EDT2014-04-23 19:00:59 GMT
    DELHI, La. (KNOE 8 News) - Tuesday, April 22, 2014 at approximately PM, Richland Parish Sheriff’s personnel received a complaint of sexual misconduct from an offender incarcerated at Richland Parish Detention Center.
    DELHI, La. (KNOE 8 News) - Tuesday, April 22, 2014 at approximately PM, Richland Parish Sheriff’s personnel received a complaint of sexual misconduct from an offender incarcerated at Richland Parish Detention Center.
  • Dean Hart, Jr. to face judge in bond hearing on Wednesday

    Dean Hart, Jr. to face judge in bond hearing on Wednesday

    Wednesday, April 23 2014 12:01 PM EDT2014-04-23 16:01:01 GMT
    MONROE, La. (KNOE 8 News) -It's been nearly four months since a stand off in Monroe lead to the arrest of Dean Hart, Jr.
    MONROE, La. (KNOE 8 News) -It's been nearly four months since a stand off in Monroe lead to the arrest of Dean Hart, Jr.
  • Monroe Police Receive a Radio Upgrade

    Monroe Police Receive a Radio Upgrade

    Wednesday, March 6 2013 7:34 PM EST2013-03-07 00:34:02 GMT
    MONROE, La. (KNOE 8 News) - Every time Monroe Police Officers get into their patrol cars and radio for help, they'll know they are being heard. It's because of a new and better radio system.
    MONROE, La. (KNOE 8 News) - Every time Monroe Police Officers get into their patrol cars and radio for help, they'll know they are being heard. It's because of a new and better radio system.
  • Woman runs over & kills boyfriend's father

    Woman runs over & kills boyfriend's father

    Monday, April 21 2014 1:39 PM EDT2014-04-21 17:39:59 GMT
    MONROE, La. (KNOE 8 News) - A woman is arrested after she allegedly tried to run down her boyfriend and his father, killing the father.
    MONROE, La. (KNOE 8 News) - A woman is arrested after she allegedly tried to run down her boyfriend and his father, killing the father.
  • Man killed while working under car

    Man killed while working under car

    Monday, April 21 2014 1:43 PM EDT2014-04-21 17:43:30 GMT
    MONROE, La. (KNOE 8 News) - A man is crushed and killed when the jack holding up the car he was working on slipped.
    MONROE, La. (KNOE 8 News) - A man is crushed and killed when the jack holding up the car he was working on slipped.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.