New Tuscaloosa store offering Stan Pate’s lifetime of items
TUSCALOOSA, Ala. (AP) — A new storefront now open offers up a wealth of history from one Tuscaloosa businessman.
Developer Stan Pate, who announced last year he would be scaling back from business interests, has placed about 900 of his personal items for sale in the former Books-A-Million building at McFarland Mall.
The “20/59 Antiques & More Warehouse” has a variety of items for sale, ranging from a $15,000 19th-century “amusement machine” to a $20 vase.
It also features items from Normandy, France, which came with a home he purchased there, to leather couches, chandeliers and ornamental rugs he’s amassed over time.
“It’s a lock, stock and barrel liquidation of personal items in preparation for the next phase of life,” said Pate, 61, who stressed that he wasn’t moving out of the country, “just spending a lot of time outside Tuscaloosa.”
“I’m preparing for a wholesale change in my life,” he said.
Everything in the store can be found on the store’s website, and is Pate’s personal property.
While he said he has been approached by other sellers seeking to place their wares alongside his, for now he’s rebuffed those requests, instead choosing to focus the store on items he’s accumulated throughout his career.
“If you’re going to sell the house, you’ve got to get rid of what’s in the house,” Pate said. “It’s a huge sale.”
In late summer 2017, the self-made millionaire announced that he would be pulling back from the bulk of the company that he built. Pate said he would remain involved in some ongoing projects — the ongoing revitalization of McFarland Mall, Encore Tuscaloosa, chief among them — but he said he was removing himself and his business, Pate Companies, from the widespread, ongoing development-seeking opportunities that have defined him for almost 30 years.
In September, he put up for auction more than 80 properties across Alabama and the Southeast in line with that decision, and now the storefront, opened about two weeks ago, is part of that as well.
As for the future of the rest of McFarland Mall, which Pate purchased in 2009, he said that talks remain ongoing with Tuscaloosa City Hall regarding the future of the 40-acre site.
Options range from fully, publicly owned facilities, such as a recreational complex of some kind, to a joint public-private investment agreement that incorporates public usages like a conference or convention center alongside new retail, restaurants and hotels.
These talks began in March and, should they result in no deal, Pate said he would look at converting the existing buildings on the site into new businesses.
“If the city doesn’t buy it, it’s going to be repurposed — for the interim, anyway,” Pate said. “The quickest path forward may just be second-generation retail and a collection of businesses.
“Hopefully, it doesn’t turn out that way, but I’m certainly looking at plans B or C, whichever it turns out to be.”
But, for now, he’s clearing out personal items. Despite the prices marked, Pate said he is willing to negotiate on certain items and the employees working there are authorized to make deals.
Essentially, all he’s looking for is an offer.
“If you’re looking for something, you can find it there,” Pate said. “Everything is going to be sold that I own, right down to the washing machine.”
Information from: The Tuscaloosa News, http://www.tuscaloosanews.com