Pepper Building becoming Hotel Indigo and Sir Winston Restaurant

You may have heard that the Pepper Building had been purchased again, this time by Mayfair Street Partners of Cumming, GA in the the Atlanta metropolitan area. The firm focuses on retail and hospitality properties; the Pepper Building is the "Featured Project" on their website. They will be operating the property through a franchise agreement with Hotel Indigo which is an international chain in which, like Kimpton Hotels, every hotel is unique. Their most recent projects include a hotel in Bangkok, Thailand and Helsinki, Finland. They are truly international, operating over 50 hotels in 15+ countries. According to this Winston-Salem Journal article, approximately $15 million will be invested.

The Pepper Building

 The Pepper Building located at 104 Fourth St., has been purchased by a joint venture between U.S. Development and local developer Michael Coe. Local architect David E. Gall will design the project while McCrory Construction is to complete the work which is scheduled to begin immediately. Plans include moderately priced apartments ($800/month) with retail on the bottom floor. According to the Triad Business Journal, a Brazilian steakhouse has already been secured as a ground-floor tenant.