Martinsville's Henry Hotel gets $600,000 from State for Revitalization Project

City of Martinsville

“City leaders wanted the old Henry Hotel building to continue to serve Martinsville, but needed extra money to make it ready for builders. Local schools recognized by Virginia Board of Education

This week the governor announced a 600 thousand dollar state grant to help fix up the old Henry Hotel.

About six years ago the city bought the building for nearly a half-million dollars. The project was put on hold while city leaders looked for grants and a redevelopment firm that agreed to do the remodeling.  City leaders chose a firm from Petersburg, Virginia that plans to convert it to an apartment building.”

~Reports Justin Ward of WDBJ 7

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Massey Building Converted into Apartments

City of Richmond

“The first residents are moving into 4N4 Midtown, an apartment building at 4 N. Fourth St. at the corner of Main Street in downtown Richmond. The building, a historic reuse project, is the former headquarters for Massey Energy Co., which was bought by Bristol-based Alpha Natural Resources Inc. in June 2011.

To date, 31 of 74 apartments have been leased. The building has a basement and four stories above ground. The first 18 units on the top floor were ready for occupancy in September. The final certificate of occupancy is expected in two weeks.”

~Writes Carol Hazard of the Richmond Times Dispatch

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Downtown Bank Tower’s Rehab Begins

City of Richmond

“The first stages of construction on a long dormant downtown skyscraper are taking shape. More than $500,000 worth of building permits were issued in late October for work on the Central National Bank building at 219 E. Broad St. The permits, which authorize interior demolition and renovation, scaffolding, and barricades, are the first major public signs of progress toward the planned rebirth of the 23-story, 240,000-square-foot tower.

Washington-based Douglas Development Corp. plans to transform the former bank building into more than 200 apartments. Cindy Morris, asset manager for the developer, confirmed that Douglas plans to begin construction in the coming months. W.M. Jordan has been awarded the contract for this initial phase of the development approved in the permits.”

~Writes Burl Rolett of the Richmond BizScene

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