Thomasville
REAL ESTATE
Historic Acme-McCrary Hosiery Mill Building to be Renovated for Luxury Apartments
ASHEBORO, NC – The historic 1909 Acme McCrary Hosiery Mill building located at 159 North Street is set to become a market-rate luxury apartment building with mixed use commercial space. Downtown Asheboro Incorporated (DAI) purchased the building from the City of Asheboro at the appraised value for the purpose of historic preservation and has sold the structure to Clachan Properties.
Winston-Salem housing initiative faces delay as funding gap continues
The next step in a housing project that aims to transform the northeast community of Winston-Salem could face a significant delay as officials work to close a funding gap. The Choice Neighborhood Initiative is a five-phase project that looks to revitalize the Cleveland Avenue neighborhood, creating more than 400 new, mixed-income housing units.
TIC Sells Styers Ferry in Winston-Salem to Lennar
Trilogy Investment Co. (TIC), a pioneering build-to-rent (BTR) development company, announces the sale of Styers Ferry to Lennar, one of the nation’s leading home builders. This 102-lot single-family subdivision is located on Styers Ferry in Winston Salem. Phase one closed in May 2024 for $2.5 million, with the second and third phase closing over the next nine months. This represents TIC’s second successful closing with Lennar.
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