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.
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
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