TwinCity
April 7th, 2006, 04:06 PM
website (http://www.heydaydesigns.com/projects/index2.html)
Friday, April 7, 2006
New development to draw on classic style
Luxury condominiums on site of former Davis building to start at $290,000
http://brianleon.com/notes/images/OneParkVista.jpg
By Mary Giunca
JOURNAL REPORTER
The former Davis Department Store on West Fourth Street in downtown Winston-Salem will make way for a new eight-story building of condominiums that will sell for as much as $1million, the project's developer said yesterday.
One Park Vista is the first phase of the Civic Plaza redevelopment, which would put a park, retail, offices and housing in areas starting around the old county courthouse and the Pepper Building on West Fourth Street and running west to the Davis Building and south just past Third Street.
The project continues a revival downtown that has been built around residential development. The Nissen Building on the next block was remodeled into apartments last year, and about 80 of its 145 apartments are occupied, several restaurants have opened in the past year, and other projects such as the nearby Goler development continue to move ahead.
One Park Vista will offer 34 one- to three-bedroom condos at prices starting at $290,000. Four penthouses will be on the eighth floor, and commercial space will be on the first floor.
The design for the building is based on the Classical Revival style of the 1920s.
"We wanted it to look like it had been there a long time," said Kerry Avant, who is developing the project with Thad Lewallen.
Each condo will have indoor parking and a covered porch or terrace, as well as 10-foot ceilings, gas fireplaces and hardwood floors.
Construction on the project will begin this summer, and the building should open in the fall of 2007.
Avant said that although most of his development experience has been in the suburbs, he wanted to bring the same attention to detail to a downtown project. He bought the Davis Building in May 2005. The store closed in 1994.
His company, Adams Egloff Avant Properties LLC, has developed Arbor Place, a luxury cluster-home project on Arbor Road, and Highland Park. It is working on a luxury-town-house community on Country Club Road.
Avant said he was inspired to come downtown because of the trend in downtown living that he was seeing in other areas and because of the visibility of the site.
"I think it's probably the premier location of anywhere in downtown Winston-Salem," he said. "You can't get more into the central core than this location."
Seven of the condos are reserved, he said, including one of the $1 million penthouses. Most of the people who have reserved space are empty nesters, he said.
In addition to the Davis Building, at least two other buildings will be torn down as part of the Civic Plaza plans.
The vacant lot left where part of the 19th-century Crawford Building collapsed in March 2000 is also part of the project. At the time, people made jokes about how a building could fall downtown and no one would hear it. The Crawford Building collapsed on a Saturday, and no one reported it until Monday morning.
Fourth Street got its first major boost in late 2001 when the city undertook a $2.6 million street makeover.
Trees were planted, streetlights were added and sidewalks were widened to allow for outside dining.
Joycelyn Johnson, the city-council member in the East Ward, where the project will be built, said that One Park Vista will link to other developments under way in the Goler and Holly Avenue neighborhoods.
"Winston-Salem is flowing, and that's what it's all about," Johnson said. "We're going to get the energy moving."
Friday, April 7, 2006
New development to draw on classic style
Luxury condominiums on site of former Davis building to start at $290,000
http://brianleon.com/notes/images/OneParkVista.jpg
By Mary Giunca
JOURNAL REPORTER
The former Davis Department Store on West Fourth Street in downtown Winston-Salem will make way for a new eight-story building of condominiums that will sell for as much as $1million, the project's developer said yesterday.
One Park Vista is the first phase of the Civic Plaza redevelopment, which would put a park, retail, offices and housing in areas starting around the old county courthouse and the Pepper Building on West Fourth Street and running west to the Davis Building and south just past Third Street.
The project continues a revival downtown that has been built around residential development. The Nissen Building on the next block was remodeled into apartments last year, and about 80 of its 145 apartments are occupied, several restaurants have opened in the past year, and other projects such as the nearby Goler development continue to move ahead.
One Park Vista will offer 34 one- to three-bedroom condos at prices starting at $290,000. Four penthouses will be on the eighth floor, and commercial space will be on the first floor.
The design for the building is based on the Classical Revival style of the 1920s.
"We wanted it to look like it had been there a long time," said Kerry Avant, who is developing the project with Thad Lewallen.
Each condo will have indoor parking and a covered porch or terrace, as well as 10-foot ceilings, gas fireplaces and hardwood floors.
Construction on the project will begin this summer, and the building should open in the fall of 2007.
Avant said that although most of his development experience has been in the suburbs, he wanted to bring the same attention to detail to a downtown project. He bought the Davis Building in May 2005. The store closed in 1994.
His company, Adams Egloff Avant Properties LLC, has developed Arbor Place, a luxury cluster-home project on Arbor Road, and Highland Park. It is working on a luxury-town-house community on Country Club Road.
Avant said he was inspired to come downtown because of the trend in downtown living that he was seeing in other areas and because of the visibility of the site.
"I think it's probably the premier location of anywhere in downtown Winston-Salem," he said. "You can't get more into the central core than this location."
Seven of the condos are reserved, he said, including one of the $1 million penthouses. Most of the people who have reserved space are empty nesters, he said.
In addition to the Davis Building, at least two other buildings will be torn down as part of the Civic Plaza plans.
The vacant lot left where part of the 19th-century Crawford Building collapsed in March 2000 is also part of the project. At the time, people made jokes about how a building could fall downtown and no one would hear it. The Crawford Building collapsed on a Saturday, and no one reported it until Monday morning.
Fourth Street got its first major boost in late 2001 when the city undertook a $2.6 million street makeover.
Trees were planted, streetlights were added and sidewalks were widened to allow for outside dining.
Joycelyn Johnson, the city-council member in the East Ward, where the project will be built, said that One Park Vista will link to other developments under way in the Goler and Holly Avenue neighborhoods.
"Winston-Salem is flowing, and that's what it's all about," Johnson said. "We're going to get the energy moving."