"I really wanted to be in downtown Wake Forest," builder
Rod Bannerman said last week.
He saw his chance, and now Bannerman & Co. is
right in the middle of it since Bannerman purchased the
old Ford garage building next to Warren, Perry &
Anthony on South White Street.
"I want to keep Wake Forest here," he said, gesturing.
"It's not out there on Capital Boulevard. It's right here
on South White Street."
After a few years of having his office at home,
Bannerman said he was looking for a place to house his
business, but a strip mall was not the image he wanted.
When he was leaving a closing with attorney James Warren,
Bannerman asked him if he would sell the Ford building.
Yes, Warren said, and the deal was done in two weeks,
though Bannerman says wryly, "James doesn't let anything
go cheap."
Bannerman says Warren is another downtown Wake Forest
booster. "He's all about downtown."
Warren is his lawyer, he does his banking with CCB and
Fidelity, he buys the hardware he needs at Jones Hardware
and B&W Hardware and he and his staff can walk across
the street to eat lunch at The Forks Cafeteria.
"I'm thrilled to see Target coming," Bannerman said,
although it is outside downtown. It will offer goods not
available in town and draw others in to shop. It was a
blow to Wake Forest, he said, when the Roses Store in the
Market of Wake Forest closed.
Right now, Bannerman is concentrating on completing
the remodeling for the building.
Works of Clay will remain in the front facing South
White. Bannerman gutted the rest of the building and put
his office in the middle with two suppliers, Concept
Lighting Sales on one side and Builders Floor Store owned
by Teresa Madden on the other. "She's been doing our work
for five or six years."
Outside, he plans to tear off the existing facade and
sidewalk and put in separate entrances that look like
store fronts with awnings.
Bannerman's new suite of offices is a far cry from the
oily garage that was once in the space. There are tile
floors with marble accents, spacious offices for himself,
his wife, Pam, four superintendents and business manager
Susan Blevins. Pam designed and decorated the offices.
Bannerman & Co. has been in business in Wake
Forest since 1987, and he has had a part in much of the
significant growth since then. St. Andrews, Holding
Ridge, Heath Ridge -- "If there's been a subdivision
built, we've been there."
Right now, he is concentrating on Pemberley on South
Main. "That's been my baby from the beginning." With 122
lots, about 40 percent built out, it will keep him busy
for a few more years, and he is also developing the last
35 lots in Smith Creek.
Sales of the new homes in the last 60 days have been
slow, Bannerman said, because of all the resale homes on
the market. The company has had a 30 percent growth in
sales in the last five years. He sold 90 to 100 homes
last year and is planning to build and sell 125 to 150
next year. "This will be our flat year," he said.
"I develop the plans and find the lots," Bannerman
said, and then he builds the homes using his four
superintendents and subcontractors. "Some of those
subcontractors have been with us for 15 years," he said.
"They are the key to our success.
"I try to do things the very best way possible. The
continuity of our subs is what makes it possible.
"I've got my name on the front of every one of those
houses," Bannerman said, "and I want those guys to make
me look good. I put the right person in place and expect
him to do the very best job."
Bannerman wants to see the town secure a permanent
source of water, a big concern for all builders since the
town is restricting builders to 50 homes a year per
subdivision.
In Pemberley, Bannerman said, he installed sod in all
the front yards, and sod must be watered the day it is
put down. This summer, with watering restrictions, he had
to schedule sod-laying with the number of the house so it
could be watered.
"Wake Forest has come a long way," Bannerman said, and
he foresees a prosperous future with his company right
where he wants it. "It's a great location."