Company Was Founded By Joseph Koury And Bill Kirkman
Company was founded by Joseph Koury and Bill Kirkman as Kirkman & Koury Homebuilders. Prior to partnering with Kirkman, Koury began his career in real estate by buying moth-balled barracks at the Overseas Replacement Depot, cutting them up and moving them to lots to sell as starter homes to soldiers returning from World War II.
Kirkman And Koury Built Homes Throughout Greensboro
Joined by his brother Edmund Koury, Kirkman and Koury built more than 9,000 homes throughout Greensboro, many of them on land of former dairy farms. The homes were featured in an early 1960’s Parade of Homes event. Koury’s practice of assembling large tracts and reserving land for commercial use to serve newly constructed neighborhoods led to the development of grocery anchored shopping centers such as Spring Valley and Southgate Shopping Centers.
Company Acquires Land For Four Seasons Development
Holiday Inn Four Seasons Opens With 259 Rooms
Holiday Inn Four Seasons opens with 259 rooms, banquet space for 600 and meeting space for 1000, making it the largest hotel convention center in the state. Joseph Koury's pioneering vision expands the company from homebuilding to hospitality and retail endeavors, eventually leading to a buy out of co-founder Bill Kirkman in 1972.
Joe Koury Was Hands-On At Construction Sites
Joe Koury was known for being hands-on at construction sites, shown here as the iconic Holiday Inn sign is installed.
Koury Developed The Four Seasons Offices Building
On the Four Seasons land assemblage was the Four Seasons Offices Building. It was home to Bell Labs and later NCNB’s (now Bank of America) Regional Corporate Services Center. Koury enjoys one the longest standing real estate banking relationships in the state with Bank of America.
Four Seasons Mall Opens
Four Seasons Mall opens as a two level mall with 900,000 square feet of leasable area making it one of the largest in North Carolina. Showing Joe Koury’s foresight, the building was engineered to support a third level which would be added in the future. Koury’s Holiday Inn Four Seasons and Rolling Roads residential subdivision are also shown.
Holiday Inn Four Seasons Expands
Holiday Inn Four Seasons expands with the addition of 262 rooms in a 17-story tower and 100,000 square feet of meeting space, bringing the total guest room count to 521. Joe Koury’s vision for the property continued to broaden into the next decade.
Southern Bell Piedmont North Carolina Headquarters
Also on the Four Seasons assemblage, Koury developed the Southern Bell Building which served as its Piedmont North Carolina headquarters, continuing a long-term relationship with the company which would later become AT&T. The relationship is still intact today.
Four Seasons Mall Expands With A Third Level
Four Seasons Mall expands with the addition of a third level and food court bringing the total leasable area to 1.16 million square feet and 1.3 million square feet overall, one of the largest malls in the southeast. The name was changed to Four Seasons Town Centre. The mall’s center court is shown here on the cover of the International Council of Shopping Centers’ annual convention issue.
Joseph S. Koury Convention Center Opens
Joseph S. Koury Convention Center opens adding 150,000 square feet including a 40,000 square foot ballroom and 70,000 square feet of exhibition space, resulting in one of the largest hotel convention centers in the Southeast.
Joe Koury’s “Grandest” Vision Yet Beckoned
Joe Koury’s “grandest” vision yet beckoned; to develop the 1,500 acres of land he had acquired over 30 years in the Sedgefield area of Guilford County. Still referring to it as “the Sedgefield Project” in a 1993 interview he states, “In a short while you are going to see a golf course here, and then you will see a town blossoming.” Soon after, the name “Grandover” was conceived. The East Course, the first of two championship golf courses opened in March 1996. Just over a year later the West Course opened in May 1997. The courses are open to the public daily.
Holiday Inn Four Seasons Adds Tower
Holiday Inn Four Seasons expands again with the addition of 485 guest rooms in a 28- story tower erected on top of the Joseph S. Koury Convention Center, bringing the total room count to 1014. The property would rebrand in 1999 to Sheraton to better market its vast convention facilities to national audiences.
Atlantic Coast Conference Moves To Grandover
Atlantic Coast Conference moves its headquarters to Grandover. The facility would later expand multiple times to accommodate the conference’s explosive growth.
Joseph Koury Passes At The Age Of 72
March 4, 1998, Joseph Koury passes suddenly at the age of 72. During the last several years of his life, Joe poured his relentless energy into Grandover. His pioneering vision and appetite for risk were legendary.
Four Seasons Town Centre Undergoes Renovation
Four Seasons Town Centre undergoes a $12 million renovation and repositioning effort, introducing upscale retailers such as Williams Sonoma and J. Crew to the local market.
Grandover Resort and Conference Center Opens
Grandover Resort and Conference Center opens with 247 guest rooms, 45,000 square feet of meeting space, and is touted as Greensboro’s first AAA Four Diamond Award hotel. The resort encompasses 1,500 acres of manicured lawns and woodlands, two 18-hole championship golf courses, tennis, fine dining, conference center, day spa and indoor/outdoor pool.
North Carolina Association of Realtors Headquarters
The North Carolina Association of Realtors locates its headquarters at Grandover. Koury designed and built the facility according to the current and anticipated future needs and growth of the Association.
The Village At North Elm Opens
The Village at North Elm opens as the area’s first new vertically integrated mixed use property. The project would contain 56,000 square feet of ground floor retail space, 48,000 square feet of second floor office space and 213 luxury apartments, all conveniently situated in an intimate “main street” setting.
Cross Point Shopping Center Opens
Cross Point Shopping Center opens, becoming home to The Fresh Market’s original store.
First Phase of The Village Lofts Apartments Opens
The first phase of The Village Lofts apartments open, introducing the residential component of The Village at North Elm. The second phase would be built in 2015, adding 100 units and bringing the total number of apartments to 213.
Sheraton Greensboro Hotel Undergoes Renovation
Sheraton Greensboro Hotel undergoes a $30 million interior and exterior renovation, including a total overhaul of the property’s 1000 guest rooms and bathrooms.
Holiday Inn Greensboro Coliseum Opens
Holiday Inn Greensboro Coliseum opens after undergoing a $7 million renovation to the hotel property formerly known as the Park Lane.
Koury expands to Charlotte market with acquisition of Toringdon Circle Shopping Center.
Toringdon Circle is the retail component of the popular Ballantyne area mixed-use center. Situated on 10 plus acres abutting the McAlpine Creek Greenway at the intersection of Johnston Road and Interstate 485, the center features 35,400 square feet of retail and restaurant space. Four medical and two general office buildings containing approximately 84,000 square feet, two freestanding restaurants and Pike’s Garden Center complete the complex. Eleven tenants occupy the retail suites which include dining, specialty stores and services.
Millis & Main Apartment Homes at Grandover Opens June , 2017
In the Fall of 2016, Koury Corporation started construction on a new luxury apartment community, Millis and Main Apartment Homes at Grandover. The 300 unit community offers residents premium amenities and the “village” quaintness of Jamestown, and is an important part of the projected commercial growth of Grandover, Koury’s premier development in the southwest quadrant of Guilford County.
In October, 2018 Koury purchases Caldwell Crossing Shopping Center.
In October, 2018 Koury purchased Caldwell Crossing Shopping Center as its second Charlotte market acquisition. Located in Harrisburg, NC, the bustling center neighbors UNC-Charlotte.
Grandover Village Opens
Grandover Village Opens Becoming Home To Greensboro's First Publix Grocery Store.