Designated Virginia Main Street communities have seen more than $741 millions of private investment since 1985. Private investment on Main Street ranges from the replacement of awnings or a new door to multi-million dollar rehabilitation or construction projects. In 2013, major construction projects added or will soon add new commercial, residential, educational and entertainment venues to Virginia’s Main Street districts. Here are some of the exciting construction projects that got underway or were wrapping up in 2013 in Virginia’s Main Street communities.
Once completed in 2014, the $3.6 million renovation of the Taylor Hotel, built in 1848, will add 7,500 sq. feet of new retail and restaurant space and five two-bedroom luxury apartments to Winchester’s Main Street district. In addition, the area in front of the building on the Loudoun Street Mall will become an outdoor amphitheatre, pocket park, and farmers’ market pavilion.
The completion in 2013 of the $9.3 million historic rehabilitation of the Art Deco State Theatre in Culpeper replaced a blighting, vacant building with a 560-seat, state-of-the-art entertainment venue in the heart of the town’s bustling Main Street district.
The finishing touches are going into the restoration of the historic Beacon Theatre in Hopewell, which will open in January 2014. The completion of the $4.2 million project will re-open a 650-seat, state-of-the-art entertainment venue in the center of the Main Street district that has been closed and abandoned since 1981.
New College Institute’s new building in Martinsville’s Main Street district is approximately a third complete. When it opens in the summer of 2014, the new 52,000-square-foot, $18.7-million building, with state-of-the-art technology throughout and a variety of classroom and collaborative workspaces, will bring hundreds of students, faculty and staff to Martinsville’s Main Street district. The building will include shared office space for both the New College Institute and the Martinsville Henry County Economic Development Corporation and will house programs from NCI’s partner universities, Patrick Henry Community College and the Piedmont Governor’s School.
In South Boston, Destination Downtown South Boston helped to facilitate the development of the New Brick Historic Lofts, which will open in January 2014. The $2.5 million project by Rehab Development of Winston-Salem, N.C., converted the town’s last historic tobacco warehouse into 22 market-rate apartments in the town’s Main Street district.
Construction is underway on the $10.5 million renovation of Bristol’s former Goodpasture Motors Company building, built in the 1920s, which will soon be the home of the Birthplace of Country Music Museum, an affiliate of the Smithsonian Institution. When the museum opens in August 2014, it will serve as a major tourist destination, drawing at least 75,000 visitors per year to Bristol’s Main Street district.
The final phase of construction is underway in Waynesboro’s Wayne Theatre, with completion set for December 2014. The $10-11 million renovation project will reopen a 375-seat entertainment venue in the center of the city’s Main Street district that had sat empty since 2000.
Bedford’s new Jackson Street Tobacco Warehouse Loft Apartment project will convert the abandoned, four-story former Frank Chervan Furniture Company building into the town’s newest downtown residential building. The $3 million project by Waukeshaw Development Inc. will add 32 new apartments to Bedford’s Main Street district when it opens in 2014.
In Marion, construction is underway to convert a 1908 school building into the Wayne C. Henderson School of Appalachian Arts. When completed the $2 million project will bring hundreds of music students and fans to the town’s Main Street district.