October 28, 2009 – Local real-estate developer, Ed Walker announces today, his purchase of The Patrick Henry building located at 617 Jefferson Street in downtown Roanoke, VA. "The goal is to take a building that has become a community weakness and turn it into a community strength," says Walker.



A local development team will join Walker, who plans to completely renovate and refit The Patrick Henry into a spectacular commercial and residential mixed-use space featuring office, retail, restaurant and event space. The success of The Patrick Henry’s redevelopment will rely on the inspired commitment of five to six flagship businesses who choose to occupy some of the most distinctive and well-appointed commercial spaces in the Commonwealth of Virginia. In addition, plans include areas for dining and shopping, all of which will come together to create an exciting, and energized atmosphere in downtown.

Commercial opportunities will include:

  • Professional offices from 2, 500 to 10,000 sq. ft.
  • Coffee shop
  • Upscale restaurant & bar
  • Retail spaces from 1,500 to 3,000 sq. ft.
  • Document storage of 22,000 sq. ft.
“The Patrick Henry will be at the forefront of the city’s continued revitalization and is poised to begin a new era of service to the region,” says Walker. “There is no better moment than right now for this restoration to succeed.”

Many of the items currently housed in the building are of historical significance and will be used in the renovation, however a substantial amount of furniture, fixtures, and equipment will be sold to the public in a multi-day sale in late 2009. After the public disposition sale, the remaining items will be sold at auction.

The projected completion date of The Patrick Henry is May of 2011.

Roanoke Region of Virginia

-Area cited as favorite location due to low unemployment, steady home prices, diversifying economy and quality of life-

ROANOKE, Va. (October 28, 2009) – The Roanoke Region has been named the favorite location by editors of Business Facilities, a national publication for site busmf1_1.bmpselectors and economic development officials.

In its October cover story, the 43,000-circulation journal cited the region’s low unemployment, rising home prices, diversifying economy and quality of life.

“The Roanoke Region jumped to the top of the list because, in a time of flat-lining economic indicators, every arrow … is pointing in the right direction,” the magazine wrote. “Roanoke, VA also stands out because it is successfully diversifying its economic base while maintaining a charming, comfortable quality of life that glows with old-fashioned hospitality.”

The article cites the Virginia Tech Carilion School of Medicine and businesses such as LiteSteel Technologies, TMEIC GE and Synchrony for leading the region’s economic transformation.

A digital version of the magazine, with the complete story, can be viewed Here.

It was the second time this year the Roanoke Region was prominently featured in a national magazine. The region also has been profiled in US Airways magazine for Roanoke, VA as well as The Wall Street Journal, USA Today, Southern Living and other publications.


ABOUT THE ROANOKE REGIONAL PARTNERSHIP

The Roanoke Regional Partnership was founded in 1983 as a regional economic development organization for the greater Roanoke area that includes Alleghany, Botetourt, Franklin and Roanoke counties plus the cities of Roanoke and Salem and the town of Vinton. Its program of work includes image building, asset development, and business recruitment. The Partnership has been involved in business locations and expansions that have created more than 13,600 jobs and $1.3 billion in investment in real estate and equipment. To learn more, please visit www.Roanoke.org.


Right now it’s just a graded site surrounded by brilliant fall colors in the Franklin County/Rocky Mount Industrial Park. But by next June the aroma of fresh-baked cookies and cakes will float over the new facility where 84 people will work.

TSG-Empire Foods broke ground October 26 for its new 45,000-square-foot, $3 million state-of-the-art food and baked good production center. The 12-year-old bakery division had outgrown its old facility and, according to President & CEO Len Marek, is looking forward to growing. “The new Franklin County /Rocky Mount facility will provide TSG-Empire Foods with the opportunity to grow our very successful cake and bakery business into new markets and potentially new product offerings.”

Local officials welcomed TSG-Empire. “Our intent with economic development is to provide a broad diversity of industries that offer good wages for employees within our community,” said Charles Wagner, chairman of the Franklin County Board of Supervisors. “It’s always great to see dirt moving and construction equipment in one of our business parks.”



“Successful recruitment of new employment opportunities at TSG-Empire Foods for our residents in this challenging economic market is evidence that Franklin County and Rocky Mount remain an excellent place to do business,” said Steve Angle, Mayor of Rocky Mount.

About The Roanoke Regional Partnership
LIVING ROOF COOLS NEW CLINIC BUILDINGS
The Roanoke Region’s latest outpatient medical clinic features a giant cooling system – 25,000 square feet of sedum plants on the roof.

As Carilion Clinic transforms from primarily a hospital-based provider to a clinic model similar to the Mayo Clinic, the new five-story building provides offices for a host of specialists located near each other and the latest diagnostic equipment.



Carilion is in the process of applying for Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council and expects that status to be granted within the next year.

The clinic was built on previously developed land, reducing the need to clear new space. Overall, the building is designed to use between 18 and 28 percent less energy than similar structures.

In addition to the “green” roof, the clinic features:
  • Easy access to a downtown trolley network and greenways for walking or biking.
  • Limited exterior lighting.
  • Use of plants that don’t need irrigation.
  • Low-flow faucets and toilets.
  • No CFC-based refrigerants used for air-conditioning.
  • Reduced air contaminants with low- or zero-volatile organic compounds.
  • Locally manufactured construction material.
  • Recycled steel, concrete, doors and more for construction.
  • Use of green cleaning products.
Roanoke Region of Virginia

In Roanoke, Va., newcomers find striking vistas, a vibrant arts scene and a tranquil lifestyle

Tranquility in traffic? If you daydream in Roanoke, Va., when a stop light turns green, the drivers behind you will probably wait politely, without honking.

"They're just very nice small-town people," says Jerry Schleifer, age 82, who settled in Roanoke in 2004. Mr. Schleifer retired in 1992, after selling the downtown Miami camera shop he owned for 42 years. He first retreated to Greenville, S.C., and later Denver.

Greenville proved too rustic for his tastes, and the high altitude of the Rocky Mountains he hiked near Denver left him breathing too hard for comfort.

Thus Mr. Schleifer typifies the many retirees in the Roanoke area who are well-traveled, have considered and sometimes tried other options, but settled on this leafy haven in southwest Virginia. The natural setting is the most obvious attraction. Nestled against the Blue Ridge Mountains (whose peaks generally rise to about one-quarter the height of Colorado's 14,000-footers), Roanoke offers striking vistas, lakes and rivers that stretch for dozens of miles. It also has a moderate climate. (Yes, winter temperatures can be disagreeably cold, but heavy snow and ice storms are rare.)



Although the population is about 92,000 within the city limits, the metropolitan area totals more than three times that number—enough to support ballet, opera and a symphony orchestra. Last November saw the opening of the 75,000-square-foot Taubman Museum of Art, designed by Los Angeles architect Randall Stout with a contemporary exterior of jagged lines that contrast dramatically with Roanoke's more traditional architecture. (That said, the city's theater group closed earlier this year amid mounting debt.)

'A Quality of Life'

Artistic refinement wasn't all that attracted John and Kathy Merkwan, who retired in 2005 to a neighborhood in southwest Roanoke where five-bedroom colonial-style homes like theirs sell for about $380,000. Says Mrs. Merkwan, "I remember we walked around downtown, where the farmers market is right at the city center. It reminded us of Europe," where the couple had been stationed at times when John was a career Army officer. "There's a quality of life that's special. It's the kind of place where friends would want to come visit us, and we could show them lots to do."

For instance, Mr. Merkwan regularly treks the Appalachian Trail, where 113 miles close by are maintained by the Roanoke Appalachian Trail Club. To kick back, the Merkwans are devotees of Star City Brewers Guild, a group of amateur beer makers who bottle their own concoctions and compete.

The beer club is named for Roanoke's sparkling symbol, an 88½ -foot-tall neon-illuminated star sitting atop Mill Mountain, which overlooks the city. Built in 1949 by merchants as a kickoff to the holiday shopping season, the red, white and blue star became so popular with residents that it now brightens the night year-round.



Though Roanoke's retiree population is growing, civic leaders aren't keen about being identified with the older demographic. In fact, they're focused on attracting "young professionals" and hoping to reverse a near decade-long slide in the area's population of 18- to 34-year-olds.
Not that Roanoke doesn't welcome older adults, says Beth Doughty, executive director of the Roanoke Regional Partnership, supported by a four-county constituency. But she asserts that the area's reputation as a retirement spot sometimes gets in the way of local officials' efforts at economic-development outreach.

"Heck, sometimes it takes me three times to get people" focused on precisely which Roanoke she represents, says Mrs. Doughty. "They say, 'Isn't Roanoke the place where those people disappeared that time?' " (No, that was the lost colony of Roanoke on the North Carolina coast.) " 'Or Roanoke Rapids?' " (That didn't disappear, but it's also in North Carolina.)

Lots of Newcomers

If Roanoke could only stay a secret, that would please Andy and Frances Pratt, who retired to the edge of Smith Mountain Lake in 2005, after his 30-year Air Force career. "The only negative is the volume of newcomers headed this way," says Mrs. Pratt.

Although the lake, a 45-minute drive from downtown, has a 500-mile shoreline, the water is packed with pleasure boats in the summer. "On big weekends, the people who live here just sort of stay in the house because of the crowds," she says. The saving grace, according to Mr. Pratt: "On typical weekdays, the lake is relatively empty."

Roanoke residents point to several other shortcomings. Roanoke Regional Airport has 54 daily flights to nine major hub cities. But airport officials have been frustrated for years in trying to attract more carriers than the four affiliates of major airlines that now serve the area.
"We continually work with both our existing and potential carriers to attempt to get more cities, more frequencies and more seats," says Sherry Wallace, Roanoke Regional's manager of marketing and air-service development.

Getting Away

For warm-weather getaways, Allegiant Air offers nonstop runs to Orlando/Sanford and St. Petersburg/Clearwater, both in Florida. But the prospect that the Las Vegas-based airline, a unit of Allegiant Travel Co., would add flights between its home city and Roanoke shows no sign of becoming reality.

Virginia, for its part, is hardly a tax haven. There's a state income tax (and military pensions aren't exempt, as they are in many states), as well as a state sales and "use" tax (which amounts to about 5%, when combined with local sales taxes).

Shopping in Roanoke, depending on your tastes, can be hit or miss. Richmond, about a 2½-hour drive to the northeast, is a popular destination for some people who enjoy a Nordstrom or Neiman Marcus.

That said, Roanoke is big enough to offer such popular chains as Macy's and two Barnes & Noble locations. More important to some are the area's plentiful independent boutiques, from clothiers to art galleries.



"You can find lots of little places that aren't cookie-cutter," says Lynne Hines, who retired near Roanoke in 2003 with her husband, Ed, a former executive at Lucent Technologies. For example, handbags designed at Claire v., an accessory shop downtown, have appeared on the hit television show "Desperate Housewives."

Mr. and Mrs. Hines are living in their 11th house, having been based in such cities as Atlanta, Chicago, and Columbus, Ohio. The comparative cost of living in Roanoke is a big plus, says Mr. Hines. "Our property taxes in Columbus were twice as high as here, on a house half the size of the one we have now."

Indeed, the Roanoke area's cost of living is nearly 10% below the national benchmark as calculated by Moody's Investors Service. For those who are interested in becoming entrepreneurs in retirement, the cost of operating a business in the Roanoke region is 86% of the national norm, according to Moody's.

Appealing Amenities

Most transplants say the city's amenities far outweigh any drawbacks. The former include more than 20 miles of urban riverfront paths for easy biking and walking. The city's core also displays a vast collection of historic locomotives and train cars at the Virginia Museum of Transportation. Train buffs can touch these treasures; the museum is often looking for volunteers to wash the huge antiques, from steam engine to caboose.

Attractions within an hour's drive or so include Jefferson National Forest, Dixie Caverns and the Natural Bridge, a majestic 215-foot-tall stone portal formed over millions of years and once owned by Thomas Jefferson.

The bridge, which draws about 200,000 tourists a year, was put up for sale in 2007 at an asking price of $32 million. The price included 1,400 wooded acres, which would have left plenty of distance between the buyer and the gift shop and 154-room hotel. The attraction has since been taken off the market.

But plenty of peace and quiet remain around Roanoke, even at stop lights.

By Robert Johnson Printed in The Wall Street Journal, page R7

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The National Science Foundation ranked Virginia Tech 46th out of 679 universities for research expenditures in 2008. The university reported $373.3 million in spending for the last fiscal year.



Though spending was up in 2008 over 2007 ($366.9 million), Tech’s ranking fell from 42nd. “While our overall growth was below our goals, the areas that account for competitive research awards continue to grow,” said Robert Walters, vice president for research. “We increased our external federal funding by more than five percent and our industry funding by almost 20 percent. In the current economy, those numbers are encouraging. That’s a testament to the dedication of the Virginia Tech faculty.”

NSF is the federal agency charged by Congress to report annually on economic research in the United States.

Read more about the story Here

One of the three American winners of the Nobel Prize in physics spent the early years of his career at ITT Electro-Optical Products (now ITT Night Vision) in Roanoke County.

Dr. Charles Kao, won half the $1.4 million prize for “discovering how to transmit light signals long distances through hair-thin glass fibers,” according to The Roanoke Times. That discovery led to the high-speed fiber optic networks we take for granted today. (The other half of the prize goes to Willard Boyles and George Smith for inventing a sensor that turns light into electric signals.)

ITT recruited Dr. Kao from the Chinese University in Hong Kong in the mid-1970s to explore sending phone calls over fiber-optic lines. Dr. Kao had developed the concept and ITT gave him the chance to pursue it.

Salem-based Salem Preferred Partners, a provider of complex assembly services, has been selected by Innovative Hydrogen Solutions, Inc. as the exclusive manufacturer for its new Hydrogen Injection System (i-phi).

The module for diesel-powered vehicles produces a mixture of hydrogen and oxygen gases which improve the combustion process, increase fuel economy and reduce pollution.

“This is an important agreement for our company, and i-phi products that we’ve built are already being used successfully on the road by major trucking companies,” said Jerry Callahan, CEO of Salem Preferred Partners. “We stand by the quality of all of the products that we build, and we are looking forward to a long relationship as IHS’s manufacturing partner for their revolutionary product.”

SPP provides material handling, line sequencing, component assembly and flexible production line sequencing. The company located in the Roanoke Region in 1994.

Read the rest of the story at industryweek.com

A new “primitive campground” is in the works to take advantage of a new blueway along the James River in Botetourt County.
arcadia.jpg

The Bottom Arcadia Campground – tents only, no RVs, electrical hookups or hot water – is part of Troy and Tysha Breeden’s dream to keep their scenic farmland property beautiful and pristine.

The project takes advantage of a county plan to turn a 45-mile stretch of the James River into the Upper James River Blueway Trail. The blueway plan links the six boat ramps along the county’s stretch of the river into one long trail for canoeists, kayakers and tubers.

The Breedens foresee a camping season from April to October each year, with up to 150 people – including church groups, Boy Scouts and groups of children with disabilities – using the campground daily.


 

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