TwinCity
September 15th, 2006, 04:59 PM
i know i posted this in the "marshall street townhome" discussion, but since renderings were released and pre-sales have started, i thought this would be a good time for this project to have its own thread
This is latest addition to the downtown housing market (specifically Brookstown).
http://i10.photobucket.com/albums/a101/cosmoboy/IMG_1066.jpg
photo courtesy of Cosmoboy from another forum. rendering was presented at an annual meeting discussing downtown developments. there's some confusion with the height. it ranges from 6-9 storys?
here's an article (http://triad.bizjournals.com/triad/stories/2006/09/11/daily37.html?jst=b_ln_hl) about the meeting.
here's a video (http://www.myfoxwghp.com/myfox/pages/News/Detail?contentId=890190&version=1&locale=EN-US&layoutCode=TSTY&pageId=3.2.1)
A group of local developers plans to build an $18 million residential- and office-condominium project called 248 South Main on the southern edge of downtown Winston-Salem, adding another 39 residential units to a growing market. Beau Dancy, managing partner of 248 South Main LLC, the limited-liability company serving as the developer, said the project will be at the corner of South Main and Cemetery streets, between Old Salem and the center of downtown. The residential condos will range from 1,140 square feet to 3,240 square feet and be priced between $227,000 and $854,000.
The second component of the 6-8 story project will be 16,750 square feet of office condominiums on the ground floor, priced at about $150 per square foot plus any finishing costs.The development will also feature two levels of underground parking, Dancy said. The other partners include Mike Prince, who also works at Dancy Real Estate, and Steve Sexton of Sexton Construction Co. Walter Robbs Callahan & Pierce is the architect for the project. Sexton will build the shell of the structure, with Dancy's firm completing the units. The timeline for the project is still yet to be determined, Dancy said, but ground could be broken this summer. It will take about a year and a half to build the structure. "This is obviously extremely encouraging for the downtown housing market," said Jason Thiel, president of the Downtown Winston-Salem Partnership. "Given the success that (Dancy) has already had, we expect this to be extremely successful." The [b]97,000-square-foot building[b/] will face South Main Street and will be built in much the same way as Dancy's other downtown projects, Tar Branch Towers and the Mill at Tar Branch, which sit just west of the site of the new project. Only two of the 27 units at Tar Branch Towers remain unsold, and all 30 units at Mill at Tar Branch have been sold."I've really been impressed with what's going on downtown," Dancy said. "Trader's Row (a mixed-use office and condominium project on Trade Street) has already sold out. We've yet to finish a unit before it's been sold. Compared to other municipalities of similar size, we've yet to even begin to tap into the residential market."
This is latest addition to the downtown housing market (specifically Brookstown).
http://i10.photobucket.com/albums/a101/cosmoboy/IMG_1066.jpg
photo courtesy of Cosmoboy from another forum. rendering was presented at an annual meeting discussing downtown developments. there's some confusion with the height. it ranges from 6-9 storys?
here's an article (http://triad.bizjournals.com/triad/stories/2006/09/11/daily37.html?jst=b_ln_hl) about the meeting.
here's a video (http://www.myfoxwghp.com/myfox/pages/News/Detail?contentId=890190&version=1&locale=EN-US&layoutCode=TSTY&pageId=3.2.1)
A group of local developers plans to build an $18 million residential- and office-condominium project called 248 South Main on the southern edge of downtown Winston-Salem, adding another 39 residential units to a growing market. Beau Dancy, managing partner of 248 South Main LLC, the limited-liability company serving as the developer, said the project will be at the corner of South Main and Cemetery streets, between Old Salem and the center of downtown. The residential condos will range from 1,140 square feet to 3,240 square feet and be priced between $227,000 and $854,000.
The second component of the 6-8 story project will be 16,750 square feet of office condominiums on the ground floor, priced at about $150 per square foot plus any finishing costs.The development will also feature two levels of underground parking, Dancy said. The other partners include Mike Prince, who also works at Dancy Real Estate, and Steve Sexton of Sexton Construction Co. Walter Robbs Callahan & Pierce is the architect for the project. Sexton will build the shell of the structure, with Dancy's firm completing the units. The timeline for the project is still yet to be determined, Dancy said, but ground could be broken this summer. It will take about a year and a half to build the structure. "This is obviously extremely encouraging for the downtown housing market," said Jason Thiel, president of the Downtown Winston-Salem Partnership. "Given the success that (Dancy) has already had, we expect this to be extremely successful." The [b]97,000-square-foot building[b/] will face South Main Street and will be built in much the same way as Dancy's other downtown projects, Tar Branch Towers and the Mill at Tar Branch, which sit just west of the site of the new project. Only two of the 27 units at Tar Branch Towers remain unsold, and all 30 units at Mill at Tar Branch have been sold."I've really been impressed with what's going on downtown," Dancy said. "Trader's Row (a mixed-use office and condominium project on Trade Street) has already sold out. We've yet to finish a unit before it's been sold. Compared to other municipalities of similar size, we've yet to even begin to tap into the residential market."