Roanoke Business- Jan. 2014

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commercial real estate Poe and Cronk leasing agent Matt Huff is working to fill Roanoke County’s Keagy Village.

There’s also room at South Peak for up to seven office buildings, including an office for Smith/Packett, the project’s developer. “We feel like the market’s coming back,” Barbic says. “We want to be in a position that we have inventory ready.” The Bridges Construction began in May 2013 for The Bridges, a retail, apartment and office project that sits beside the Roanoke River, just outside of downtown Roanoke. The 22-acre South Jefferson Street site formerly was a mill and scrap yard, but developer WVS Cos. of Richmond now is

As of early November, 12 of the development’s 32 condos were sold or under contract, says Jeff Barbic, South Peaks’ director of sales and marketing. Four other condo buildings are planned, for a 176-unit total, but 50 percent of the condos must sell in one building before the next is built, Barbic says. Condos range

in price from $299,000 to $616,900. Meanwhile, six home sites are reserved at the Estates, a planned 23-house community at South Peak. As for businesses, Barbic expects the Hilton’s progress to attract an upscale national restaurant or a local eatery to the site. He would not name specific restaurant prospects. Years after the Roanoke County development began, South Peak is beginning to take shape.

Construction began in May 2013 for The Bridges, a retail, apartment and office project that sits beside the Roanoke River, just outside of downtown Roanoke. priming it for 157 apartments, a restaurant, 66,500 square feet of office space, a kayak launch and more for its first phase, according to Cushman & Wakefield|Thalhimer, the company marketing the development. Partners in the project say the site’s position makes it ideal for drawing apartment residents and commercial business. It’s across the road from the Virginia Tech Carilion School of Medicine and Research Institute, which is bringing new staff and students to the Roanoke area. The Bridges, which could have 1 million square feet of commercial and housing space, at total build out, is being designed as a connector to downtown Roanoke.

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JANUARY 2014

Top photo by Don Peterson, bottom photo by Sam Dean


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