Posts filed under ‘Winston-Salem’

HAWS to Request City Funds for Acquisition of Property

Triad City Beat has an article about the Housing Authority of Winston-Salem’s (HAWS) efforts to buy a property near its Cleveland Avenue Homes community:

The Housing Authority of Winston-Salem plans to request financial assistance from the city to pay for the acquisition of a blighted complex known as New Hope Manor Apartments that is wedged between Cleveland Avenue Homes and Fairview Park — potentially a key aspect of an ambitious plan to transform the neighborhood.

The anticipated request comes on the heels of a unanimous vote by city council on June 20 to the join the housing authority as a co-applicant for a federal Choice Neighborhoods grant as part of an ambitious plan to transform the area surrounding the Cleveland Avenue Homes public-housing community.

The city’s participation includes a pledge of $4.5 million to pay for business façade improvements, neighborhood broadband, a revolving loan for businesses, streetscaping and land for new parks and other public spaces in the area.

HAWS representatives have talked to the lender on the property and learned that the lender is willing to dispose of the property at a significant loss. They are concerned that it will attract a low-ball investor who will put minimal effort into revitalizing the community.

Ritchie Brooks, Winston-Salem’s director of community and business development, wrote in a memo that “HAWS believes this could provide an appealing opportunity for an absentee investor to purchase the property, do some minimal rehab, and then continue to operate the property as untenable multifamily housing, perpetuating the blight and inhibiting the development of the surrounding area.” As a result HAWS is asking the city for $1.7 million to help “acquire, demolish, abate, rehab and operate the property in a sustainable manner.”

July 6, 2016 at 6:41 pm Leave a comment

Apartments in Whitaker Park

The redeveloper of Whitaker Park, the former RJ Reynolds manufacturing campus in north Winston-Salem, has indicated that an out of town developer is potentially building 185 to 210 apartment units. From the Triad Business Journal:

Construction could start by the late first quarter or early second quarter of 2017, Leak said.

“This is a mixed-use project that we are going to develop so the hope is that there are going to be a lot of jobs created by companies in other parts of that park and so some of them might want to live approximate to where they work,” Leak said.

He added that there is an opportunity for the developer to market the units to Wake Forest University basketball and football fans who come into town for the games.

July 5, 2016 at 2:59 pm Leave a comment

Coming Soon: A Livery in Camel City

This development near BB&T Ballpark in Winston-Salem will surely be one of the more unique adaptive reuses we see in the Piedmont Triad in the foreseeable future:

A Lewisville developer is breathing new life into a downtown Winston-Salem apartment complex by refashioning it as “The Livery.”

The idea behind the 27-unit complex at 648 Holly Ave. was to create the appearance the building was a “high-end horse barn” that’s been renovated into apartments, said Jeff Zenger, president of Lisha Construction and Solomon Development…

Zenger bought 648 Holly Ave. for $500,000, and plans to invest at least $1 million to completely renovate the building inside and out, along with a carriage house on the property…

The complex’s one-bedroom units are about 535 square feet and are being reworked with new central air and heat along with amenities such as granite countertops and stainless steel appliances…

Pre-leasing for the building has now begun, with the first units expected to be ready by Aug. 1 and rent for around $800.

You can see a rendering of the project here.

June 28, 2016 at 8:04 pm Leave a comment

Last Year’s Largest Triad Apartment Construction Projects

Commercial Property Executive produced a nice little listicle of the largest apartment construction projects delivered last year. Who’s number 1?

Images from Stafford Place’s Website

Stafford Place, 360 units
Parr Investments targeted Winston-Salem for its 360-unit development with spacious floor plans and high-end finishes. The complex features extras such as a 21-seat movie theater, a coffee bar where residents can socialize and relax, a business center and a swimming pool. Nowadays, tenants want more than living space. A sense of community helps them to feel connected, and we increasingly see amenities that encourage socializing between tenants.

You can find the rest of the list here.

May 31, 2016 at 2:09 pm 1 comment

Double Your Money to Fight Hunger!

FoodDriveLogo
As you may know, PTAA’s Summer Food Drive kicked off on May 1st and we’ve been delivering food collecton boxes to apartment communities throughout the Triad so that they can participate. Details on how you can participate are below, but before we get to that we need to point out an important piece of information: Any money you raise for Second Harvest between now and June 30 will be matched by a donor. So every dollar you give magically turns into $2!

Of course we want you to participate in any way you can, and Second Harvest definitely needs food and cash donations, but if you are going to make a financial donation then you might try to make it in June so that the money is doubled and has a maximum effect!

You can make a financial donation here

Our full Summer Food Drive webpage is here.


New This Year – Community Level Competition!
We’ve always had a competition between management companies to see which can raise the most food/money, but this year we’ve added two new levels of competition:

The community with over 200 units that donates the most will win Breakfast on the Go for its residents.

The community with under 200 units that donates the most will win Breakfast on the Go for its residents.

Want to sign up your community to participate? Use this form.


fillthestands

Come on out to the ballgames!
Once again we are partnering with the Winston-Salem Dash, the Greensboro Grasshoppers and WXII12 to promote the food drive to the general public. We will be collecting food at the Dash game on July 15 and the Grasshoppers game on July 22. Keep an eye out for the ads when they run on WXII12 in July, and if you’d like to bring your families out for a great time you can purchase tickets from PTAA to attend.
Buy Winston-Salem Dash tickets here.
Buy Greensboro Grasshoppers tickets here.

May 17, 2016 at 4:09 pm 1 comment

Winston-Salem Council Denies Rezoning Request for Affordable Development

At its May 2 meeting the Winston-Salem City Council voted 5-2 to deny a rezoning request for a 54-unit apartment development in the city’s northwest ward. From the Winston-Salem Journal:

Siding with neighbors who came out in opposition, the Winston-Salem City Council on Monday rejected a developer’s plan to put a low-income, two-story 54-unit apartment building at the entrance to the Town and Country neighborhood at the corner of Briarcliffe and Reynolda roads…

Developer Bill Scantland described the apartment building as one that would serve people who are 55 years old or older, who make between 30 and 60 percent of the area median income of $58,500. Scantland said the building would look just like one built for market-rate tenants.

Opponents said the apartment building would be too tall for the neighborhood, especially since the corner lot drops off about 20 feet in elevation from Reynolda Road to Briarcliffe…

When the proposed rezoning went to the City-County Planning Board on April 14, it had no opposition and sailed through on a unanimous vote — although it was noted that emails were coming in from people who said that they didn’t know about the case and hadn’t had enough time to think about it.

One problem, it turns out, is that the neighborhood meeting to discuss the plan with Town and Country residents was held on April 13, only one day before the planning vote…

The developer’s financing imposed a time frame that didn’t allow for postponing the decision, MacIntosh said.

May 3, 2016 at 1:24 pm 1 comment

66-Unit Community Proposed in Southern Forsyth County

The City-County Planning Board in Forsyth County has indicated it supports a proposed 66-unit apartment community off of Peters Creek Parkway near the Davidson County line. From an article in the Winston-Salem Journal:

Image from Winston-Salem Journal

Gardner Capital Development wants to build The Reserve at Hickory Commons on 5.36 acres at 1295 Hartman Plaza Drive. The property is currently zoned for highway business-special use and has been commercially zoned since 1986. It is near A Child’s World Learning Center.

The project’s site plan shows four-, two- and three-story apartment buildings, along with a one-story clubhouse…

The planning staff has recommended approval of the project.

“It’s within the Oliver’s Crossing Activity Center and it is located along the Peters Creek Parkway Growth Corridor,” said Gary Roberts, a project planner for city-county planning and development services. “Legacy (2030 Comprehensive Plan for Winston-Salem and Forsyth County) calls for higher density residential along growth corridors and in activity centers.”

March 17, 2016 at 2:46 pm 1 comment

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