Grubb Properties and Samet Corp. will hold a groundbreaking ceremony at 5:30 p.m. Monday for its $26 million upscale apartment complex across the street from BB&T Ballpark.
The companies are collaborating on the Link Apartments Brookstown project, which is bordered by West First Street, Park Circle and Peters Creek Parkway. They are aiming for the young professionals and “millennials” working in and around downtown Winston-Salem.
Samet bought the property from Brookstown Development Partners LLC. Brookstown is owned by Billy Prim, who also owns the Winston-Salem Dash.
The developers are building 205 furnished studio and one- to two-bedroom units as part of creating what they are calling “the first institutional grade, ground-up apartment community in downtown.” Half of the units will be one bedroom.
The first phase of the project is expected to be complete by October 2014 and the entire complex by late 2014.
The average studio will be about 600 square feet and the average bedroom unit will be about 775 square feet, said Rachel Russell, director of real-estate development for Grubb. The complex will have about 250 spaces in a parking deck, a pool, 24-hour clubhouse, 24-hour fitness center and even an electric car-charging station.