City of Hopewell
“The development of downtown Hopewell continues with the
start of the new year. Monument Companies will be coming in to potentially
rehabilitate 244 E. Cawson Street by turning it into eight luxury apartments. This
will add to the 24 apartments already located behind it in the Butterworth
Lofts at 245 E. Broadway. The newest addition of housing stock is one step
closer to changing the future of downtown Hopewell and turning it into an area
for people to live, shop and dine.
The apartments at the Butterworth Lofts are 88 percent
rented. The eight luxury apartments slated for Cawson Street will encompass
6,600 square feet. There is almost 4,000 square feet of retail space in the
Butterworth building along with the apartments. Currently, 44 percent of the
retail space is rented by James Madison University. The office space has been
transformed into a distance-based learning center, which allows adults to
participate in an accelerated, alternative licensure project, Middle Matters.”
~Writes Caitlin Davis of Hopewell
News Patriot
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