The Triad Business Journal is reporting that former PTAA board member, Seth Coker, and his partner Nathan Isner, will be redeveloping a downtown Greensboro office building into 24 efficiency apartments. From the article:
Developers Seth Coker and Nathan Isner will make $2 million in renovations to a five-story, downtown Greensboro building, utilizing the first floor as its office, and transforming the remaining floors into 24 “efficiency apartments.”
Coker said demolition of much of the interior of the 22,000 square foot building at 127 N. Greene St. — now occupied by Investors Title Insurance Co. — will begin on Oct. 30, and should be completed by January. Coker said the target for completion of the project is October 2018…
One of the “cool” features planned for the apartments, which Coker said would be “500 to 600” square-foot units with one bedroom, is heated floor title in the bathrooms. He said existing elevator, steps and standing support columns would be preserved.
Coker said he expected the apartments to rent in the $700s per month, and attract tenants from nearby Elon University School of Law and Lincoln Financial Group.