Koury Corporation is a

real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to other ...

company based in

Greensboro, North Carolina Greensboro (; formerly Greensborough) is a city in and the county seat of Guilford County, North Carolina, United States. It is the List of municipalities in North Carolina, third-most populous city in North Carolina after Charlotte, North Car ...

. The company was founded by Joseph S. Koury in 1952. The company is very diversified and owns apartment complexes, hotels, condos, shopping centers, golf courses, industrial parks, and residential communities. It built Greenboro's first shopping mall, the

Four Seasons Town Centre Four Seasons Town Centre is a three-story shopping mall in Greensboro, North Carolina. Opened in 1974, it was the first enclosed shopping center in Greensboro. Currently it is anchored by Dillard's and JCPenney and it is the only indoor shopping ...

, in 1974 and has pioneered much of the

Piedmont Triad The Piedmont Triad (or simply the Triad) is a metropolitan region in the north-central part of the U.S. state of North Carolina anchored by three cities: Greensboro, Winston-Salem, and High Point. This close group of cities lies in the Piedmon ...

's early residential and commercial development. The Sheraton Hotel Greensboro/Koury Convention Center is the largest hotel/convention center complex between

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

and

Washington, DC ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan ...

and the Grandover Resort is considered to be North Carolina's premier golf resort. Koury Corporation has a number of departments, including construction,

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

, business development, housekeeping, communications, and at one time its own police department. The company employs more than 1400 people in the Greensboro area.

History

* In 1952, the company was founded by Joseph S. Koury. * In 1974, it built Greenboro's first shopping mall, the

. The mall was sold to

GGP Inc. GGP Inc. (an initialism of General Growth Properties) was an American Commercial property, commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin Bucksbaum, Martin, Ma ...

in 2004. * In February 2015, the company completed renovations to the

Holiday Inn Holiday Inn is an American chain of hotels based in Atlanta, Georgia. and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee that year. The chain was a division ...

Greensboro Coliseum Hotel. * In January 2016, Edmund W. Koury, the chairman of the company, died. * In March 2017, the company renovated its Grandover Resort. * In June 2017, the company began development of the 111-acre western portion of its Grandover development.

References

{{reflist, 1 Real estate companies of the United States Companies based in Greensboro, North Carolina Real estate companies established in 1952 1952 establishments in North Carolina American companies established in 1952

History

See also

References