For years, planners in Waynesboro have known that their growth zone was going to be outside of the old downtown and near Interstate 64. Now they're seeing that come to life with some up-and-coming construction projects.
A partnership between a construction company and a real estate firm will add a whole new dimension of economic opportunity to a quickly growing part of the city. Imagine a luxury apartment community topped off with a pool and walking trail, along with new shops on Windigrove Drive, and you get Waynesboro Place. The concept is a little unconventional for the city, but developers say they're tapping into an unmet market.
"We think we have a really unique product here,” said site superintendent William Yagel. “We're really excited about the quality and the type of apartments we're building here and we're hoping it will fill a real niche here in Waynesboro.”
The vision is to reel in increasing demand from young professionals and empty-nesters for a higher-end pad. Yagel is supervising that project as part of the partnership between Charlottesville-based Pinnacle Construction and Triangle Realtors.
“We'll even have a two-bedroom apartment and a one-bedroom apartment that has a loft on top, so that will be a really attractive and neat design," Yagel said.
The approval for the mixed-use development came in 2010, after meeting resistance from some neighbors concerned with the noise and impact on traffic. Eventually, crews extended Windigrove Drive and convinced the community of the benefits.
"We're very pleased here in Waynesboro with the development that has occurred in the west end, especially with what has occurred during the recession. I think that bodes well for us on a regional scale,” said Waynesboro city planner Mike Barnes.
Triangle Realtors will sell plots adjacent to the complex for offices and other retail spaces. The location right off I-64 will boost chances for economic success.
"We can position ourselves so that we can have a large impact and control of the regional retail market,” Barnes said.
Construction on the apartments began in May. The goal is to finish all 234 units by the end of this year.
Waynesboro Place Development Crops Up Near I-64More>>
Thursday, July 24 2014 5:06 PM EDT2014-07-24 21:06:07 GMT
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