DANVILLE (WSLS 10) - Officials announced Wednesday plans to acquire 549 High Street in Danville for redevelopment.
Under the joint name, River District Lofts LLC, (Danville, VA - Official Website // // // Winston-Salem, N.C.- based development firm, Rehab Development Inc., and Washington, D.C.- based firm, Level 2 Development) plans to start renovations to the historic building this fall - creating 21 market rate apartments.
They say this project is estimated to be completed fall of 2016.
Last year, the Danville Redevelopment and Housing Authority acquired the property due to its unstable nature. Soon after, one of the two buildings collapsed, leaving the street unsafe for pedestrians and traffic.
In an effort to save the building, the DRHA and City partnered to recruit a developer to stabilize and redevelop the quickly deteriorating structure.
The City of Danville's Community Development Department began demolition of the collapsed building, which will be converted into an interior courtyard and parking for residents of the building.// // Both firms have been involved in a number of projects as the developer or contractor in Danville over the past seven years. Projects include the Ferrell Historic Lofts, Lynn Street Lofts, Westmoreland Schoolfield Senior Apartments, Pemberton Lofts, and The Continental.