Rowan approves sale of 135 and 138 Main Street to developers under redevelopment agreement

The Rowan City Council on May 4 adopted Resolution 2026-09 authorizing the sale of two city-owned properties, 135 and 138 Main Street, to developers Joshua Coe and Megan Ring for $1,200 for both lots under a purchase-and-redevelopment agreement.

During a public hearing, Megan Ring presented the developers’ proposal, which offered $1,200 for the pair of properties and required demolition of both structures by Fall 2026. The redevelopment plan calls for construction of two 1,200-square-foot homes, with the first home to be built in 2027 and the second in the first half of 2028. "We are offering $1,200 for both properties with redevelopment agreement including demolition of both properties and construction of 1200 sq ft homes," Ring said in presenting the proposal.

Julia Anderson of Chapel in the Woods objected and said she intended to make a counteroffer to the city to restore both homes and highlight their historical value; she requested the council consider preservation as an alternative to demolition.

After discussion between councilmembers and the two interested parties, Councilmember Mark Bruns moved to accept the Coe/Ring proposal and authorize the sale; David Eriksen seconded. The council approved Resolution 2026-09 by unanimous roll-call vote.

The resolution authorizes sale and execution of a redevelopment agreement that sets demolition and construction timing obligations; the minutes do not record a competing written offer from Chapel in the Woods. The council did not adopt any preservation covenant in this action. The buyer(s) will be expected to meet the deadlines enumerated in the redevelopment agreement and return to the city for any permit approvals.