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Wednesday, February 08, 2006

Living large downtown

At least 30 new condominiums and apartments are set to open this summer.

By sometime this summer, you'll find more people living in downtown Roanoke.

At least 30 new condominium and apartment spaces are slated to open this summer, expanding downtown's total number of living spaces to 167. Currently, there are 98 living units that are occupied, according to Downtown Roanoke Inc., a downtown advocacy group.

But DRI's interim executive director said the final numbers for downtown living units are not complete. The group is updating its counts of all apartments and condos.

Rob Glenn, a local developer, is completing work on the 101-year-old State & City building at 104 Campbell Ave., which he purchased last year. He's already sold the top five floors of the eight-story building to condo dwellers. Glenn and his wife, Sherry, will live in the top two floors.

The building's third floor is a speculative condo that Glenn said he will construct, design and sell fully furnished for between $600,000 and $700,000. He'll move his office, the Issues Management Group, onto the second floor.

Buyers have designed each of their own condos in the State & City building, where construction has already begun. Their new homes should be complete by June, Glenn said.

In the past year, he also has headed up work to replace the facade on the State & City building's lower floor. The space houses Frank L. Moose Jewelers.

Glenn has also joined some developers who are using environmentally safe techniques and materials in construction and rehabilitation. The project's architect, John Garland, president of Spectrum Design, has entered Glenn's project with the U.S. Green Building Council for certification in Leadership in Energy and Environmental Design. It requires contractors and builders to install energy-efficient appliances and lighting, use recyclable construction materials, nontoxic paint and more. Garland said the State & City building as a rehabilitated residential space in a historic district perhaps is one of few building projects of its kind nationally that has pursued LEED certification.

Glenn owns another building at 111 Campbell Ave., a former Haverty furniture building across the street from the State & City building, that also will have some housing space.

Glenn is carving out six condos in the building's top floors. Two of the condos will measure about 1,200 square feet. Two others will be 1,700 square feet, and two more will measure 1,800 square feet, he said. The homes will range in price from $200,000 to $375,000.

Work already has begun in that building to create a parking area on the lower level and two retail spaces in the front, bottom level, each about 1,000 square feet. Parking will be reserved for people who live in the building's condos, Glenn said.

He called this "a high-end project," but the condos there will be less expensive than those at the State & City building. Condos at the State & City building are larger, measuring about 3,800 square feet each, Glenn said. The unfinished floors sold for $175,000, and some will total about $450,000 once build-out is complete, he said.

Buyers of the condos at 111 Campbell Ave. will not have free reign to design the spaces themselves, Glenn said. The condos already will be constructed and designed, and they're set to be complete by June, he said. Workers will install granite countertops and other high-end design features, he added.

The Campbell Garage Lofts just up the street at 319 Campbell Ave. also will be designed by the developer.

Richmond developer George Stanley is a partner in the general contracting company, Stanley Shield LLC, that is renovating the building for 15 condos.

The loft-style spaces vary in size, averaging about 1,050 square feet, with the largest at 1,400 square feet. Stanley expects the new living units to be complete by June.

Interest in these new condos isn't lacking.

Already, 14 of the 15 spots have been reserved, Stanley said. They range in price from $154,500 to $295,000.

His company also is searching for one or two commercial or retail tenants to fill the first floor of the building, which formerly housed Harris Office Furniture's warehouse.

The same group also has purchased another downtown building at 324 Salem Ave., behind Campbell Garage Lofts. The company plans to renovate the building for residential space, but Stanley said plans still are being finalized.

Some other residential projects are in the works in downtown Roanoke, but they're moving at a slower pace than owners and developers expected.

Construction is ongoing to create nine high-end condos at 204 Jefferson St., the historic spot of the former Colonial American bank.

Ed Walker, a local redeveloper who owns the building, plans to move into its top floor with his family. The condos measure 3,000 to 4,800 square feet.

The status of the project and the timetable for its completion were unavailable.

Six apartments still are planned in the top floors of 15 and 17 W. Church Ave., the former Ewald-Clark building.

Mike Dittrich, an owner, said renovation work on the loft-style apartments will begin this week, and they should be ready for renters in June.

Rents there will range from $800 to $1,200 a month.

Dittrich said he created rental units in the building in order to qualify for certain tax credits, which are granted to developers to help fund renovations to historic buildings.

Rules for the credits require that units remain rentals for five years before they are converted to condos, Dittrich said.

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