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I was just coming here to post this one...even more residential development for downtown! From the Winston-Salem Journal:
"Grubb Properties, a Charlotte-based developer, and a company managed by local developer John Reece II each want to buy the City Center West parking deck in the 600 block of West Fourth Street from the city.Grubb is proposing to renovate the vacant GMAC insurance building on Fifth Street and surround it with two apartment buildings containing 300 to 343 apartments, in a deal that could involve $75 million in new investment downtown. Grubb wants the deck to provide parking to the development." Developer proposes GMAC renovation and apartment construction - Winston-Salem Journal: Local News
I was just coming here to post this one...even more residential development for downtown! From the Winston-Salem Journal:
"Grubb Properties, a Charlotte-based developer, and a company managed by local developer John Reece II each want to buy the City Center West parking deck in the 600 block of West Fourth Street from the city.Grubb is proposing to renovate the vacant GMAC insurance building on Fifth Street and surround it with two apartment buildings containing 300 to 343 apartments, in a deal that could involve $75 million in new investment downtown. Grubb wants the deck to provide parking to the development." Developer proposes GMAC renovation and apartment construction - Winston-Salem Journal: Local News
Nothings more an eyesore than a large vacant building. Good that somebody has interest in repurposing the GMAC building.
Well...I don't think this beautiful building has achieved eyesore status just yet. It's been empty for a couple of years since GMAC moved its employees elsewhere, but it hasn't gone into decline or anything. This developer would upgrade it to Class A office space, so that would be great for attracting a tenant.
Well...I don't think this beautiful building has achieved eyesore status just yet. It's been empty for a couple of years since GMAC moved its employees elsewhere, but it hasn't gone into decline or anything. This developer would upgrade it to Class A office space, so that would be great for attracting a tenant.
I think the GMAC building is beautiful, but only the part cladded in glass, if it was all glass, it would be my second fav building in the W-S skyline, even moreso then the BB&T tower.
Well...I don't think this beautiful building has achieved eyesore status just yet. It's been empty for a couple of years since GMAC moved its employees elsewhere, but it hasn't gone into decline or anything. This developer would upgrade it to Class A office space, so that would be great for attracting a tenant.
Even if the building hasn't reached dilapidation the vacant structure has a very hollow aura for obvious reasons.
Before Carroll invested into Center Pointe the building was just there; nobody taking smoke breaks, no lunch goers, nothing, just dead. Kind of what I was getting at.
Even if the building hasn't reached dilapidation the vacant structure has a very hollow aura for obvious reasons.
Before Carroll invested into Center Pointe the building was just there; nobody taking smoke breaks, no lunch goers, nothing, just dead. Kind of what I was getting at.
Can you even tell that it's vacant? I can't...it's not like we would even know if it weren't in the media. And it's been vacant for less than a year - hardly anywhere near an eyesore. I don't understand the point of making such a weird comment.
This building is in a busy area...it's not dead around there by any stretch of the imagination, even with this building vacant.
Last edited by JoeTarheel; 12-27-2015 at 01:42 PM..
Winston-Salem and Forsyth County each voted unanimously to chip in $3 million toward the Bailey Power Plant project in the Innovation Quarter. Discussions on the downtown project have included a theater, bowling alley, restaurants, a museum, and other entertainment options. City, county approve Bailey Power Plant aid - Winston-Salem Journal: Local News
"Estimated costs to redevelop Bailey are about $40 million, and the nearby 60s Buildings are being redeveloped to house the Wake Forest School of Medicine and parts of the Wake Forest University campus. That project is estimated to require $111 million in redevelopment costs."
Can you even tell that it's vacant? I can't...it's not like we would even know if it weren't in the media. And it's been vacant for less than a year - hardly anywhere near an eyesore. I don't understand the point of making such a weird comment.
This building is in a busy area...it's not dead around there by any stretch of the imagination, even with this building vacant.
Sure, if you spend enough time there but, probably not to the casual observer or passer-by.
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I was just coming here to post this one...even more residential development for downtown! From the Winston-Salem Journal: 
