Waldvogel Commercial Properties and Developer Faisal Khan Show Off the Ponce de Leon

The corner of Campbell Avenue and Second Street is the site of downtown Roanoke’s latest adaptive reuse project. The former Crystal Tower is getting a major facelift as renovations transform it into the Ponce de Leon. Developer Faisal Khan and Waldvogel Commercial Properties showed off the project’s progress on October 3 to members of the news media and community leaders.

Demolition work is complete and restoration efforts continue as crews frame the residential and commercial spaces. Khan is working with the Virginia Department of Historic Resources and the National Park Service to preserve the building’s historic features. Detailed tile work, a grand ballroom, decorative flooring and a mosaic fountain are among the features being restored.

The iconic building has a history almost as old as Roanoke’s. After a fire destroyed the original 1890s structure, the Ponce de Leon Hotel was erected on the corner of Campbell Avenue and Second Street in 1931. The hotel operated for decades as a prime example of art deco architecture and lavish interior design. In the 1970s, the entire building was renamed the Crystal Tower and converted to office space, and the grandeur of its interior was lost for 40 years. Khan purchased the building from Total Action For Progress (TAP) in 2012 and is working to revive the old hotel’s unique charm.

When finished, the Ponce de Leon will offer 90 apartments, ground-floor commercial spaces and a restaurant. Amenities for residents will include an in-house fitness center, a rooftop terrace and convenient parking. “We’re well on track to meet the August 2014 deadline for completion,” said Khan. Leasing is currently available through Waldvogel Commercial Properties.

See how WSLS, WSET, WFIR and The Roanoke Times covered the story.

Tracy Shearer Joins Waldvogel Commercial Properties as Administrative Assistant

Tracy Shearer has joined Waldvogel Commercial Properties, Inc. as administrative assistant.

She brings to the post a background as a Realtor and paralegal, most recently working as a paralegal at the Magee Goldstein Lasky & Sayers law firm. Before moving to Roanoke, she spent 16 years in the zoo business, working at the Phoenix Zoo, San Diego Zoo, and a small private animal show company. In her spare time, she does volunteer search and rescue with Bloodhounds.

More Businesses, Restaurants, People in Downtown Roanoke

More and more businesses, restaurants, employees and residents are flocking to Downtown Roanoke, according to a recent news story on WDBJ-7. Downtown Roanoke, Inc. says 15,000 people work downtown. Read more about the positive economic trend here.

WSET-TV Reports on the Skyrocketing Downtown Roanoke Population

Downtown Roanoke’s population has grown from less than 100 to more than 1,200 over the past decade, according to a recent story on WSET. Our Randy Boush and Jason Fountain help explain why.

All over downtown, buildings have been converted: The Patrick Henry, The Cotton Mill and 28 Church Avenue; a set of downtown lofts managed by Randy Boush of Waldvogel Commercial Properties.

“You can get a little bit of both. You can get the urban living but we are still surrounded by the mountains so it offers a unique living experience to live in downtown Roanoke,” he said.

Boush’s colleague at Waldvogel Commercial Properties, Jason Fountain, has been a part of this momentum. Rentals really started picking up just as the nation began to fight off a great depression that forced buyers to take cover.

“People still needed a place to live. Downtown was still an attractive place to be so the rental market just took off,” said Fountain.

And more than 250 more residential units are either planned or are currently under construction.

Read more and watch the video here.

Waldvogel Commercial Properties Brokers St. Pierre Salon’s Move to Downtown Roanoke

Waldvogel Commercial Properties has brokered St. Pierre Salon’s move to downtown Roanoke. The salon has leased 1,415 square feet of commercial space in 401 Campbell Lofts. It formerly was located in Salem. Michael Waldvogel, CCIM, SIOR and Krista Vannoy, CCIM brokered the transaction.

St. Pierre joins Blue Marlin Investments, LLC, in occupying the street level commercial space in 401 Campbell Lofts, which features both apartments and commercial spaces. It opened this spring.

“This is another example of a commercial amenity moving close to the growing residential population on the western end of the downtown business district,” said Michael Waldvogel, CCIM, SIOR. “We’re proud to be a part of the evolution of this neighborhood as a place where people can live, work and play.” Waldvogel has been involved in downtown development for more than three decades.