The first condo building at the South Peak development has been completed, and a different part of the project will start to take shape soon.
Dirt has already been moved to prepare the site of a Hilton Garden Inn at the Roanoke County development, situated on a 62-acre hillside at the intersection of U.S. 220 and Virginia 419.
The hotel is expected to take about a year to complete, opening by next summer, said Jeff Barbic, director of sales and marketing for South Peak.
The building will take on arts-and-crafts architecture with stone and wood timbers to match the theme of the development.
The five-story building will have 117 rooms, an indoor pool, and a restaurant and lounge, Barbic said.
Up the hill, the first completed condo building has attracted hundreds of potential residents and curiosity seekers to weekend open houses, Barbic said.
“Residential interest has been beyond our wildest dreams,” he said.
Some who come to see the condos are older couples looking for new construction with low maintenance. Others are just curious about the condos and the view, Barbic said.
Six of the condos are under contract, with the first closing scheduled for the end of the month, Barbic said.
Construction on the second of five condo buildings will begin when 17 condos in the first building have been sold.
The condos are on the market for between $199,000 and $627,900.
Later this summer work will begin on a spec house for The Estate, a neighborhood of 23 single-family homes on about 12 acres of land behind Lowe’s. The spec house will take about six months to complete. South Peak is appealing to builders to construct a few spec houses as well, Barbic said.
The development also includes plans for a restaurant and retail.
Developers are looking for an upscale restaurant that is “representative of the project,” Barbic said. They have received interest from local and chain restaurants, but South Peak is four to six months from striking a deal with any of them, Barbic said.
South Peak won’t focus on the retail aspect of the development until details of the restaurant, or restaurants, are worked out. Just how much retail can go in at the development depends on how much parking space is available after the construction of the restaurant or restaurants.
South Peak is holding a grand opening June 1 and 2.
Also in the column, Buffalo Wild Wings on Starkey Road will close for eight days in June for a half-million dollar renovation of the interior and exterior, and East Coast Penn Station Subs opens at Valley View on Tuesday.