The Net Loft to Open New Cordova Location Summer 2027
The business will relocate to a renovated 100-year-old building, highlighting the logistical demands of commercial retrofitting.
Updated on Oct. 15, 2026 in Openings & Closings
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The Net Loft will open its new location at 505 First Street in Cordova during summer 2027. The business is renovating the 100-year-old Steens building following the 2026 demolition of its previous space at the Cordova Community Baptist Church.
Why it matters
The relocation follows a prolonged real estate transition for the 42-year-old business, highlighting the operational complexities and capital investment required to retrofit aging commercial infrastructure.
The Net Loft is renovating a 100-year-old facility after closing on the property in April 2026. The project follows the abandonment of a separate site where 300 tons of contaminated soil remain, impacting the long-term capital trajectory of the 42-year-old business.
The players
The Net Loft
A long-standing local business originally established in 1984 that is currently transitioning to a new facility.
The details
The renovation effort involves upgrading the plumbing, heating, and electrical systems of the Steens building to bring the century-old structure up to modern operational standards. This move serves as a permanent replacement for the business’s previous space at the Cordova Community Baptist Church, which was demolished in 2026. Management previously faced significant development hurdles when soil contamination concerns forced them to abandon an alternate site, necessitating this current focus on the First Street property.
Timeline
1984: The Net Loft business was established.
December 2025: An initial scheduled closing on the Steens building was delayed due to flooding.
April 2026: The Net Loft officially closed on the 505 First Street property.
Summer 2027: The business expects to open its doors to the public at the new location.
Market Landscape
The relocation marks a significant shift from the temporary operational environment forced by the 2026 demolition of the Cordova Community Baptist Church site. This development follows a pattern of navigating site-specific challenges, including the previous abandonment of a project hindered by soil contamination.
Operators should monitor the project's progress toward the summer 2027 opening to gauge local commercial activity trends in the First Street corridor. Owners undertaking similar retrofits of aging infrastructure should factor in extensive lead times for system-wide utility upgrades.
The takeaway
The Net Loft's transition underscores the high costs associated with both soil remediation and the systematic overhaul of century-old commercial buildings. Business owners should review their own property environmental reports to avoid the project-halting remediation costs the company faced previously.
Further reading
For more on local commercial real estate shifts, visit Openings & Closings.
Source note: This article includes information reported by The Cordova Times.
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