Redevelopment Area Winston-Salem, NC

​

This picture shows the area before completion of the projects below.

The Gallery Lofts Winston-Salem, NC

​

Historic loft apartments renovated under historic tax credits.  The Gallery Lofts was the flagship of the multi-block revitalization project.  Under the leadership of lead developer, Landex Corporation, SCR principals acted as project manager for the development partners and coordinated activities between lenders, city leaders, community and contractors.  With 82 luxury units, averaging between 1,200 to 1,400 sq. ft., amenities include: fitness center, luxury lounge, a roof-top garden, underground parking, glass garage doors, one block to day care and elementary schools.  Through relationships and creative financing strategies, the project was procured through local financing methods and an RFQ process was orchestrated to attract private developers.  Project remained a private/non-profit collaboration until its sale in 2014.

Arts Park Winston-Salem, NC

​

Arts Park - one of the first downtown parks that had an animal-friendly component.  The park is very popular for downtown residents and sports trash receptacles, creative wall art, dog walking amenities, restored historic benches from the old Brown and Williamson Tobacco Factory.  The park was a public/private/non-profit project.

Truliant Credit Union Winston-Salem, NC

​

​

Truliant Credit Union sits on an urban in-fill property located west of I77/NC52, off of MLK Jr. Drive.  Less than three blocks from the central business district, the building houses a local credit union that provides services to downtown residents as well as surrounding neighborhoods.  This project was completed in 2007 and is one of the busiest branches in the Triad Region.  SCR principals were development, owner representation, design coordination and project manager supervision.  SCR was also responsible for building a financing model that provided market rate rents while securing below market rate financing for this non-profit. 

Goler Manor, Winston Salem, NC

​

Goler Senior Independent Living Center - Developed in close proximity to the central business district and the Wake Forest Piedmont Triad Research Park (Now named Wake Forest Innovation Quarter).  The housing project was built by Weaver Cooke Construction and design by Walter Robbs Callahan and Pierce Architects, PA.  Local businesses donated furniture designs and equipment.  The building is energy efficient and host significant amenities like a small computer center, a billiards room, exercise room and an entertainment and banquet center (equipped with a full kitchen).  HUD also approved a $1.5 million operating budget. SCR principals were the owner’s representative and project managers. SCR principal was the owner’s representative, project manager and oversaw the grant writing team.

Town Homes Winston-Salem, NC

​

Market: Urban Residential
Location: Chestnut St. Winston-Salem, NC 27101
Financial Partners:  City of Winston-Salem, BB&T Bank
Estimated Cost: $119 per Sq/ ft.
Sale:  $120,000 per unit
Project Size: 5000 Sq/ft. 
Average Unit Size: 2,500 Sq/ft.
Project Type: Residential duplex 

Craver Apartments Winston-Salem, NC

​

Historic rehab–the apartment building is one of the rare surviving examples of the “Y­stair” brick apartment buildings constructed in the late 1930s and early 1940s.
 

Financial Partners: City of Winston-Salem, BB&T
Project Type: Two story duplex
Project Size: Approx. 2,000 sq./ft.
Estimated Cost - $240,000

• Rehabilitated, 2007

• Replaced window paneling

• Two 1,000 square foot rental units

• 3 bedroom and 2 bathroom

Goler Enrichment Center Financing

Winston-Salem, NC

​

Goler Enrichment Center-SCR principals restructured the financing. The building was financed with Federal Home Loan Bank funding which was a reduction from the commercial lending rate of 9% down to 3%. Project cost - $2 million plus, SCR Principal negotiated financing and provided collaborative partners with zero percent financing.