South Peak development shows progress
The first condo building at South Peak (at top) will be ready for residents by April 1. Photo by Amanda Codispoti
South Peak, the $200 million residential and commercial development atop a hill near Tanglewood Mall in Roanoke County, is gaining some steam.
Construction on a Hilton Garden Inn is expected to begin in February or March and the first building of five condos buildings is expected to be move-in ready by April 1st, according to Will Holmes, senior vice president of development and construction for developer Smith-Packett.
Smith-Packett has received approval from Hilton to build the Hilton Garden Inn, Holmes said. The five-story hotel will have 117 rooms, a restaurant and an indoor swimming pool.
At the very top of the hillside development the first condo building is well under way. The 100,000-square-foot building will house 32 condos that range in size from 800 to 2,600 square feet. When half of the condos in the first building are sold, Smith-Packett will start on the second building, Holmes said.
As of last month, Smith-Packet had accepted seven reservation deposits for condos, Holmes said. The condos range from $199,000 for a one bedroom to $569,900 for a three bedroom.
Smith-Packett also anticipates that it will soon begin paving streets and laying utilities on lots for 23 single-family homes that will sit on 12 acres of land behind Lowe’s. The homes will make up a gated community that Smith-Packett is calling The Estates at South Peak.
The second phase of the project will bring a restaurant and shops to South Peak. Holmes said Smith-Packett has received interest from several restaurants, but nothing is official. The retail piece will come later, after the hotel and condos are finished, Holmes said.
See a map of the development and read more about the project here.
December 12, 2012 - 5:00 AM
Yes, with that very tasteful big white scripty “SouthPeak.net” sign plastered on the wall.
Agree. The sign is awful. Just awful.
Poor company has to move forward on this but it will inevitably fail. Should stick to nursing homes.
What a disgrace.
It’s still Slate Hill, shaved. So sad.
Slide Hill is a better name. Just ask Lowe’s.
This project has been a slow work in progress with most citizens asking, why do they keep moving the same pile of dirt to another spot??
Why is this a disgrace? It’s progress. It’s going to provide jobs, housing and retail. You don’t think they’ve done their research and believe that now is a more stable market to go forward. And god forbid they do a little marketing towards their website.
There is nothing wrong with being progressive. I, for one, am looking forward to what South Peak has to offer.
What “retail”, Bryan? The “retail” they can’t get to fill Keagy Village or the old Ukrops spot? There’s a ton of housing on the market already…there’s no lack of available inventory.
As for the sign…you can hear the property values in Hunting Hills falling from Troutville. The people of Roanoke County should be plenty mad about the eyesore that’s been forced upon them.
Keagy village was run by idiots. It entered an economy that was in a tailspin. Just wait until the new investors get their hands dirty. South Peak is doing it right by building in phases. Kinda like The Riverside project, but I’m guess you are opposed to that as well Kristen?
I’m also guessing that those that have a problem with South Peak, have always had issue with it and will never accept it. A sign on a hill, decreasing property values. That’s a new one.
If there is that big a desire for retail space in that area, then why is Tanglewood Mall a ghost town?
“…a more stable market to go forward”
Let’s hope the ground underneath it is more stable as well. Why do you think they call it Slate Hill? My guess is that you have some skin in the game.
Yes Bryan, and after staring at a naked hill dotted with small decorative bushes for several years, it’s clear Slate Hill is being run by genuises.
The Riverside project is interesting and unique with a great location. It’s not more canned stick-built crap no one asked for or wants. It’s completely different. And Bryan, I also wanted that restaurant built on Mill Mountain AND I don’t mind the Taubman. I’m hardly anti-development.
The sign is god-awful and an embarrassment. That’s not news, and I’m not the only one who thinks so.
Because Tanglewood is run and owned by a bunch of idiots!!! If CBL that ownes VV got there hands on Tanglewood every store would be filled with good things not the half empty trash that Tanglewood has to offer. Come on it is in the best area of town and should not have a problem getting filled!! Agree Bryan. You and me buddy could make things happen!!
Good call, Art.
Hey Bryan, the only thing that will be “progressive” about south peak dot net’s hillside deforestation project is water. Spdn will offer nothing new to Roanoke except fresh storm runoff that will ultimately affect unsuspecting businesses below.
Oh yeah I forgot to mention how beautiful it is. A heck of a lot nicer looking than that silly natural hillside with dirt and trees that used to be there. God forbid they leave the damn hillside be.
I am sure there were plenty of engineers around before the project started to account for run-off. Also, I am sure this wasn’t “forced” on Roanoke County. There were hearings and zoning meetings. I just like the people who complain about developments then also whine when businesses leave the area. At least they are doing phases so maybe there is some thinking going on in this project.
By the way, the goats on US 220 approve of the Southpeak.net billboard.
Kristen, try and follow me here. Investors bought Slate Hill with plans to develop fairly quickly. Economy tanks, so they delay development. Economy makes a bit of a come back. They do analysis upon analysis and decide the environment is right to begin construction. And as Caine mentions, there were several hearings prior to anything being cleared on Slate Hill. Keagy Village is a clear example of what NOT to do.
Maybe we can get rid of all the billboards on 220 too. Just trying to see things through your glasses here.
I can only hope South Peak is more of a benefit to the Roanoke economy than the ghost town at Keagy Village-Dunkin Donuts prospering there at best. Remember the outrage prior to development by nearby Homeowners at Keagy Village? Those vacant tenants there due nothing to help consumer confidence, sw county, or the potential revenue dollars and exisiting retailer profits.
Here’s wishing South Peak has better prosperity.
Yes Bryan, I’m sure they did “analysis upon analysis”. I’d love to see the “analysis” that illustrates that there’s a burning demand in Roanoke to spend $200K on a 1 bedroom condo overlooking the scenic 220/419 interchange, but whatever. It looks trashy and is a sad introduction to Roanoke for people driving up and down 220.
But we can revisit this in a year or 25 year or whenever the tea leaves seem right to the developers and see how things panned out. I’d wonder what the burning need was to clear-cut that mountain years and years in advance of breaking ground, but that’s probably just more managerial magic.
All I can think of whenever I drive by there is trying to get up and down that hill during ice storms. Risking life and limb just to get back to a $200K 1-bedroom condo. I wish them well, but I’ll stay down here in my level, reasonably-priced neighborhood, thanks.
Well, now that I’ve read that your $200K gets you a princely 870 sq ft, it all makes more sense. Who wouldn’t flock to that.