From the Downtown Winston-Salem Partnership blog:
I have received many calls in the last few weeks from people looking for apartments to rent in downtown Winston-Salem. Sadly, it is increasingly hard if not impossible to find a rental unit. These new units when they are finished will surely be quickly absorbed into the apartment market in downtown Winston-Salem. This demand has not gone unnoticed by housing developers, especially those from out of town. The current projects under construction are this one and Winston Factory Lofts #2.
They also provide links to all announced apartment projects.