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  Kernersville Town Homes

Town homes topping $599K planned in Kernersville
The Business Journal Serving the Greater Triad Area

Downtown Kernersville will soon get its first upscale housing development.

Winston Salem Properties, a Winston-Salem-based development group, recently received approval to build 16 town homes at the intersection of Main and Salisbury streets near the heart of the city.

The town homes, which will be modeled after the historic architecture of Charleston, S.C., and Savannah, Ga., will range in size from 2,800 to 3,400 square feet. Prices will start at $599,000 and go to $750,000.

Howell Dunlap, managing partner of Salem Properties, said the development group is targeting "the well-heeled empty nester." Each unit will have three floors. The ground floor will have parking, storage, laundry and a bonus room. The second floor will having living and dining space, and the top floor will be bedrooms.

Dunlap said Kernersville has several subdivisions with homes in the $500,000 range, but this will be the first upscale housing in the center of the city.

Bernard Helm, president of Market Opportunity Research Enterprises, a Rocky Mount firm that tracks the Triad housing market, said the town homes could be a tough sale since they will be competing against upscale housing in downtown Winston-Salem and Greensboro -- cities that have many more amenities to offer downtown residents than Kernersville does.

"The market for that type of dwelling at that price is very limited," Helm said.

Michelle Cater Rash - Triad Business Journal



 
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