Something is afoot involving the vacant First National Exchange Bank building. This building represents one of the great opportunities in downtown Roanoke that remains untouched for reuse and development.
Roanoke developer Lucas Thornton and what he called a group of “community-minded investors and developers” purchased the building 18 months ago. Cruz withdrew the asbestos removal permit on March 4, a prelude to issues he was not prepared to discuss.
“We have a plan,” Thorton said. It will not be released for about 90 days.
The former bank building at Jefferson Street and Campbell Avenue is vacant for asbestos removal.
Heather Rousseau, Roanoke Times
Built in 1912, the marble building was located at Campbell Avenue and Jefferson Street. wells fargo closed its branch there in 2016 and donated the building. Community Capital of Virginia. Sold by VCC carilion clinic Online property records show it was sold for $500,000 and then sold to a partnership in August 2022 for $1 million.
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Spokeswoman Hannah Curtis said Carillion paid for the upkeep of the building and spent $200,000 on the purchase of an adjacent lot and building during its ownership. The Thornton Partnership currently owns both parcels.
Mr. Thornton's project resume includes Pinnacle Financial, Gramercy Row, Market Square, the Lawson Building, Big Lick Junction, and the ongoing redevelopment of the former bus stop site.his company's mission statement Hist:Re Partners It “brings together local authorities, urban planners, architects and builders, trade contractors and subcontractors to deliver economically advantageous investments for clients and provide ecologically sustainable and diverse It’s about realizing the environment.”
jeff sturgeon (540) 981-3251
jeff.sturgeon@roanoke.com
