Envy Apartment

Luxury apartments going up between Brookstown Avenue and Green Street will meet a demand for the advantages in amenities and design that a new building can offer, one of the developers of West End Station says. The $35 million development will provide 229 apartments in a block that’s close to both the center of downtown and the BB&T Ballpark, said Porter Jones, the president of DPJ Residential, a Charlotte-based developer doing its first project in Winston-Salem. “We think Winston-Salem is in the very early stages of growth compared to Charlotte and Raleigh that have experienced a lot of urban revitalization,” Jones said. “We are attracted by the (Wake Forest) Innovation Quarter and what is going on with Wake Forest and Baptist downtown. That is a great incubator for growth companies.” DPJ Residential and Chaucer Creek Capital of Raleigh are going 50/50 on the development. Chaucer Creek Capital owns the Gallery Lofts apartment community in downtown Winston-Sale...

Lancaster- based Oak Tree Development Group said it has agreed to buy the 11-acre property from Wilbur’s owner, Cargill, for an undisclosed price. “We like projects that are community-centric,” said Oak Tree President Mike O’Brien. “We’re excited to do a project that positively impacts a small town like this.” Oak Tree expects to submit plans to the borough in 60 days. The firm hopes to get them approved by year-end, start construction in early 2018 and complete the venture by March 2019. A name for the project has yet to be selected, said O’Brien. He declined to disclose the project’s cost. “We’re eager to work with Oak Tree,” said Karen Weibel, president of Lititz’s Borough Council . “It’s a local firm. They have a lot of credibility. We’re extremely thankful that the building will be utilized quickly, and not sit there for five or 10 years and invite blight.” Mayor Tim Snyder also was enthusiastic about the plan, saying the new uses “will enhance downtown Lititz . ... It’s going...