ASHLAND, Ky. — The Pendleton Art Center has a new owner a few months after the downtown property was listed on the real estate market.
Dr. Everett Gevedon purchased the historic Winchester Avenue building June 29th from its former owners.
Gevedon bought the building June 29th 2017, according to the property deed.
The building, which was actually two buildings renovated together, features two floors and a basement on one side and three floors and a basement on the other.
Gevedon purchased the building from the Pendleton Art Center LLC. an Ohio based company owned by James Verdin, president of Thirteen Ten Pendleton Corporation. Gevedon bought the building for $125,000, according to the deed. He reportedly has plans to make changes to the building.
“ Plans right now are to keep the left side of the building art studios,” Building Manager Denise Spaulding said. “The right, Dr. Gevedon is looking into finding a nice restaurant chain to go in.”
Plans for the upper levels of the building have not been decided on yet but Spaulding said there is a section set up for office spaces.