DOWNTOWN RESIDENTIAL LOFT PROJECT ANNOUNCED

"WINSTON-SALEM, NC—GEMCAP recently announced acquisition of the property located at the corner of Fourth Street and Marshall Street in the heart of downtown Winston-Salem, North Carolina. GEMCAP will serve as the developer and general contractor of Twin City Lofts, a 70,000 square foot luxury residential condominium development that will change the landscape along Fourth Street. Leonard Ryden Burr, led by agents Clare Fader and Jeff MacIntosh, has been named real estate agency of record. Twin City Lofts is the first new for sale residential development downtown since One Park Vista was completed in 2009. For more information, visit www.twincity-lofts.com or call 336.779.9200.

Named for its historic location and home of the Twin City Club, Twin City Lofts will have an urban feel with open interiors, expansive windows, exposed ceilings and polished concrete floors. Residential units will occupy the third, fourth, fifth, and half of the sixth floors with rooftop access for residents and their visitors. The 21 unit, comprehensive renovation is a $10 million project to be completed in the summer of 2016.

GEMCAP started as a strategic merger between The Arden Group and GEMCAP Properties, and has grown into a full-service commercial real estate development and construction company.

This highly experienced management team prides itself on creating a dynamic work environment that delivers a consistent mission of maximized efficiency and value-add client service. Based in the Piedmont Triad region of North Carolina, GEMCAP has completed projects across the state with core business rooted in design-build projects by leveraging many of its long-term client relationships across the retail, automotive and mixed-use market segments.

Founded in 2004, Leonard Ryden Burr is the Triad's largest independent real estate firm receiving local and national recognition for excellence in relocation, marketing, and client services. With more than 80 agents, Leonard Ryden Burr has deep local insights and boasts the area's top listings. The agency is known for its commitment to downtown development and has been instrumental in supporting neighborhoods and initiatives that add to the city’s viability and culture of arts and philanthropy. Clare Fader and Jeff MacIntosh have played a major role in the agency’s commitment to downtown development personally and professionally and both currently serve on the Board of the Downtown Winston-Salem Partnership."

- A Press Release