Thursday, April 06, 2006

Developers reveal details on downtown Winston-Salem luxury condos

Developers Kerry Avant and Thad Lewallen officially revealed details of their One Park Vista luxury condominium project in downtown Winston-Salem on Thursday.

The project, which has been discussed since the middle of 2005, will have 33 condominiums, eight of which have already been reserved, Avant said. Prices will range from $290,000 to just over $1 million for the one, two, and three-bedroom units, which will be between 1,250 square feet and 3,400 square feet. The Davis building, on Fourth Street, just east of Cherry Street, will be torn down and the eight-story One Park Vista will rise in its place.

"We're trying to capture a niche of the market," Avant said. "We're going for a more upscale market and I think that market exists here."

The development is considered the first phase of the long-discussed Civic Plaza project, the remainder of which is a 3-acre site being studied by Durham-based Niemann Capital for a mixed-use project that will likely include residences, commercial space and a large park.

Click Here for the Full Article