WINSTON-SALEM, N.C. -- Bethesda, Maryland developer C.A. Harrison Companies said it has acquired a 1920's tobacco manufacturing facility at the corner of Fourth and Linden Streets with plans to convert the five buildings into 243 apartments and retail space.
The project, titled "Plant 64", will also feature a gym, pool, on-site parking, theater and roof top deck, according to the company's website.
Jason Thiel, President of the Downtown Winston-Salem Partnership, said this project is proof downtown continues to grow at impressive rates.
"We have over 2070 units downtown right now, and there is a strong demand for rental apartments," Thiel said. "What you are seeing are other developers looking for this pent-up demand, and they are looking for other projects they can bring to the table for construction themselves," he continued.
News of Plant 64 comes weeks after The Winston Factory Lofts began leasing phase two of its downtown development.
"We added 86 apartments. One, two and three bedrooms in second phase and a lot of amenities," said Amy Foster, Winston Factory Loft Property Manager.
Foster said her project's quick occupancy proves people want to live downtown.
"The leased-up rate is about 80%. We should be about 50% occupied by mid-June. So far, so good," said Foster.
The Downtown Winston-Salem Partnership says once Plant 64 is complete there will be more than 2200 residential spaces in the downtown core. That's up more than 1400 since 2005.