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The developers of the Pemberton Lofts will begin phase two of construction this month and will soon start on another residential River District project on Craghead Street.
The Pemberton lofts, located at 541 and 549 Bridge St., have revitalized the former Pemberton & Penn Tobacco Co. prizery and offices. The project is managed by a duo of developers from Richmond, Ross Fickenscher and Garrett Shifflett, specializing in historic renovations and high-end residential design. Phase one of the project began in October 2012 and finished last summer, and the developers have seen great success and interest.
“Leasing of the first phase has gone well thus far. We continue to experience a positive response from potential tenants and look forward to further meeting the needs of those who wish to relocate to the River District,” said Fickenscher. “Pemberton Lofts provides an attractive living arrangement and location within Danville's River District along the Dan River and Riverwalk Trail, large common areas, attention to finish detail and design, fitness-facility, ample parking, and accommodating apartment lay-outs.”
Completion of phase two will add 50 residential units to the 62 already completed in phase one, and bring tenants of Pemberton Lofts a large rear patio with seating and a fire-pit.
The Pemberton Lofts joins newly remodeled Smith Seeds Apartments on Lynn Street, Ferrell Historic Lofts, Lynn Street Lofts, Lindsay Lofts, Burton Condominiums, Dan River Crossing Apartments. These properties combine to provide more than 300 downtown new residential spaces downtown for all types of citizens.
“More and more citizens want to live downtown as development progresses, and the historic buildings make for very attractive spaces,” said Corrie Teague, project manager for the Office of Economic Development. “The historic rehab process is exhaustive and we are grateful for the investment of all of our developers.”
The Office of Economic Development along with Fickenscher and Shifflett are excited to announce a new property at 610 Craghead Street which will be called "The Continental." This development will feature much the same fit and finish as Pemberton Lofts and will include agreater percentage of large two-bedroom apartments with additional closet and storagespace.
The project will include an easily accessed commercial space for a potential smallrestaurant, market, or coffee shop. In addition, tenants of The Continental will have coveredand secured parking on the first floor of the building. The development plan calls for this projectto be available in early 2015.
“Danville and the surrounding region holds much promise for current and future economicdevelopment and growth,” said Fickenscher. “The recent Economic Summit was a fittingdemonstration of the professional aptitude and approach maintained by those who recognizethe fate of the region's vibrancy is dependent upon future investment in and assistance ofbusinesses that choose to establish themselves in Danville.”
“Public improvements are also vital to the rebirth of our downtown,” said Teague. “The MainStreet streetscape project finished at the end of the last year and nDanville has recently added freepublic Wi-Fi along Main Street. We expect the JTI Fountain, Riverwalk trailhead, and MainStreet Plaza to be completed this spring.”
The River District will also be officially branded before summer with a new logo, tag-line, andmarketing efforts to attract citizens and visitors to the area. The Danville Science Center DigitalDome, YMCA, additional public parking, and many more will be added to the list of additionsbefore the end of 2014.
“While support for the Main Street and River District sections of Danville has beenoverwhelming, and major investments continue to play a key role in the revitalization efforts, itis the basic day-to-day activities, expenditures, and reflections of the people of Danville thatwill provide long-term sustainability,” said Fickenscher. “Whether it is going to the local coffeeshop rather than Starbucks, eating downtown rather than at Outback, or choosing to tellsomeone from outside the region all the good that is happening rather than speaking ofisolated bad-news, each resident and patron of Danville can help tremendously towards makingDanville a source of pride.”
More information about the River District can be found at www.discoverdanville.com. Forinterest on on availability in the Pemberton Lofts, contact Anne Pritchett of Wilkins and Co. at(434) 797-4007.