Condo construction on the rise in Winston-Salem

WINSTON-SALEM, N.C. — At least five major developments for condos, lofts and apartments are underway in downtown Winston-Salem.

“Things are looking a lot better downtown and we’re thrilled to see that,” said Susan Maier Colon, with Berkshire Hathaway HomeServices Carolinas Realty.

“Some companies coming to the downtown area such as Inmar relocating there, that’s been helpful too. There’s more people now in that area so there’s a higher need for apartments and condos,” Maier Colon explained. She said folks are both buying and renting such properties.

Mayor Allen Joines tells FOX8 there are at least 700 units under construction at various developments.

The courthouse downtown is under renovations for apartments and retail. There is also construction going on near Old Salem to create Hilltop House Apartments.

The formation of new apartments is just noticeable off Business 40 and West First Street. And the long-awaited Plant 64 luxury lofts in the old RJ Reynolds buildings are set to open in a few months.

Lisa Arthur is the property manager for Link Apartments Brookstown, right across the street from BB&T Ballpark. She said applications are already coming in for apartments opening in August.

“People love the concept of downtown living. Having the ballpark views and skyline views are definitely appealing to the public.”

Both agree there is no specific age group interested in downtown living. “We have everyone from millennials to more seasoned professionals that are interested in the community,” Arthur added.

Maier Colon often works with retirees interested in selling their bigger homes to scale-down and live in the middle of the action downtown.

“In the current developments, the rentals have been flying off the markets. A lot of them don’t have availability so it is certainly something that so far- there has been that increased demand,” she said.

Arthur pointed out Winston-Salem’s downtown has become much more attractive and safe. “It hasn’t exactly been pedestrian-friendly for many, many years and all of a sudden people are able to walk down to the corner, and grab a bite to eat. Do some shopping locally. I think this kind of development is really going to help the revitalization of downtown Winston.”

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