Purchase and Renovation of the O'Hanlon Building

http://www.bizjournals.com/triad/blog/morning-edition/2016/07/downtown-building-sells-for-2m-renovations-planned.html

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.

W-S 39th Best Place to Live in the U.S.!

This is a link to the article. This is a link to the specific write-up about Winston-Salem.

Raleigh is #4, Charlotte #15, W-S #39, GSO #51

Plans for Arts for Art's Sake Building to Open on Liberty Street

Follow this link to the Winston-Salem Journal article.  This is a link to their website. The new building will house the Red Dog Gallery featuring local artists, a jewelry and wearable art store, affordable studio space, and a conference or board room on the top floor with a terrace that will overlook the ARTivity on the Green park. Both the park and new building were designed by the local Stitch Design Shop. The architectural renderings were released at a Downtown Winston-Salem Partnership meeting. The Frank L. Blum Construction Company will build the facility.

The Explosive Growth of Cycling in Winston-Salem

As the 2015 Winston-Salem Cycling Classic quickly approaches at the end of this month on May 30-31, I am taken aback by the explosive growth of all the festivals, tournaments, and sporting events in this town. This past year saw the RiverRun International Film Festival becoming a qualifying film festival for the Oscars and Academy Awards in the categories of Animated and Documentary shorts, the music festival Phuzz Phest brought national acts such as Foxygen to our little town (these two events warranted the effusive praise in this article from the Huffington Post claiming the arts to have displaced tobacco in our town) the Winston-Salem Open which is an ATP 250 World Tour and Emirates U.S. Open Series tennis tournament, perhaps none has outpaced the growth of cycling in Winston-Salem like the Winston-Salem Cycling Classic.

The photo above depicts a 3-story banner unfurled on the 42,000 sqft building across from the Millennium Center at Liberty Street that will be the new home of a National Cycling Training Center of USA Cycling. In addition, the site is in the "pre-approval stage" of being designated a U.S. Olympic Committee training site which it would share with only one other site in the country and apparently has a written recommendation from USA Cycling's president and CEO Steve Johnson on the matter.

If that were not enough, Winston-Salem has been awarded the 2016 and 2017 Cycling Masters Road National Championships.

Proposed $240 Million Development Around BB&T Ballpark

Called the "Brookstown District", the development is proposed by Brand Properties of Atlanta and would include retail, residential, hotel and office space as well as provide parking for itself and BB&T Ballpark. To give an example of the scope and size of the project, approximately $1 billion has been spend on the main upfits in Wake Forest Innovation Quarter.


Here are links to local news outlets with more pictures:

Triad Business Journal

Photos on WXII12

Winston-Salem Journal

Winston-Salem One of "Ten Powerful Major Market Economies in the South that Don't Get Enough National Attention"

Winston-Salem One of Ten Powerful Major Market Economies in the South that Don't Get Enough National Attention.

According to Southern Business & Development magazine.