Apartments and Speakeasy in Winston-Salem

Plans for the Pepper Building in Winston-Salem get more interesting by the day:

Nearly two years after closing on the purchase of the Pepper Building and adjacent lot in downtown Winston-Salem, veteran developer Mike Coe is starting demolition on the property and plans to begin redevelopment by spring.

The project at 104 W. Fourth St. Street will include 53 apartments, a Brazilian steakhouse and a speakeasy run by a local woman with roots in Amsterdam, Coe said in an interview this week. The cost could top $14 million, he said.

A key feature of the property’s redevelopment will be a two-level parking garage in the adjacent lot at 110 W. Fourth St. At least one level of the parking deck would be underground, Coe said.

The entire deck would be topped by green space intended to match the city-funded Marshall Plaza park at the corner of Fourth and Liberty streets.

That’s a pretty unique addition to what has become the hottest apartment sub-market in the Triad.