WINSTON-SALEM | Development Guide - Page 114

DCMetroWinston · #**2261** Posted **Jul 17, 2026, 6:52 PM**

Quote:

Originally Posted by Matthew

It seems like The Byrum is moving ahead of Brookhyrst, likely due to being near the new proposals/construction in downtown? The reemergence of these two large apartment proposals is due to recent growth in downtown's housing demand and population over the past three or four years. Downtown's population dropped and inflation was on-the-rise after the pandemic, leading to these two apartment buildings being placed on-hold. That drop reached its bottom in 2022. From 2023-2026, downtown has gained an estimated 1,000 people and has growing demand again for more housing. Downtown now has a higher population than before the Pandemic and only a few small residential projects have entered the downtown market since that time. These two massive apartment projects are benefiting from being ready-to-go. After seeing them on-hold for so long and knowing inflation is still a little high, I'm concerned, but there are many positive signs saying they are starting. They were never cancelled. Just placed on-hold until conditions improved. Maybe this is the first sign of downtown returning to where it was in January 2020? I guess we shall see what happens. If it continues to move forward, The Byrum will likely enter the downtown market in early-2029, as those other big Innovation Quarter projects we discussed (11-storey Life Science Tower, two hotels, etc.) are finishing construction. Great timing! Thank you for the photographs!

Very interesting, Matthew. Do we have current stats on apartment vacancy rates downtown? Also, do you know what is going on with construction on Metropolitan Village phase 2? It seems stalled.

Matthew · #**2262** Posted **Jul 18, 2026, 3:06 AM**

I intended to say starting, not finishing.

The Byrum will be ready as they are hiring and creating/expanding what will lease that space. I changed it on the original post.

It does appear as if work stopped on the second Metropolitan Village apartment building and I see the renderings were taken-down from the site. I think part of their demand depended on the next phase of the IQ and that phase won't start until roughly three years from now. The IQ's Phase II was scheduled to have demand-generating buildings by now, before the Pandemic changed those plans. Maybe they are waiting for stabilization at their current buildings? They did prepare the site and it appeared as if it was starting. I'll look into it.

Matthew · #**2263** Posted **Jul 18, 2026, 3:18 PM**

Metropolitan Village Mixed-use: Cancelled

This isn't good. The second apartment building at Metropolitan Village was moving forward last year, but stopped late-last-summer, due to unpaid construction liens on the project. The permits expired in March 2026, due to half-a-year of no activity, and they weren't renewed.

WSBornNBred · #**2264** Posted **Jul 18, 2026, 4:02 PM**

Those mixed use, affordable communities can be really tough to get the right capital in place. But yeah, unpaid construction liens are not good. Who was the Developer on that one? A local group?

DCMetroWinston · #**2265** Posted **Jul 18, 2026, 6:43 PM**

Quote:

Originally Posted by Matthew

Metropolitan Village Mixed-use: Cancelled

This isn't good. The second apartment building at Metropolitan Village was moving forward last year, but stopped late-last-summer, due to unpaid construction liens on the project. The permits expired in March 2026, due to half-a-year of no activity, and they weren't renewed.

Wow. So very disappointing. I’m glad they have already finished the larger portion of the projects, phase 1.

DCMetroWinston · #**2266** Posted **Jul 19, 2026, 2:21 AM**

Quote:

(WGHP) — Construction along U.S. 158 in Forsyth County has been underway for nearly two years, but the end is in sight.

North Carolina Department of Transportation officials say the project is running ahead of schedule.

The project stretches 5.8 miles long, beginning just west of Old Greensboro Road and ending just east of Belews Creek Road in Forsyth County.

https://myfox8.com/news/north-carolina/f...yth-county-ahead-of-schedule-ncdot-says/

DCMetroWinston · #**2267** Posted **Jul 19, 2026, 5:37 PM**

I tried to rent a car on a weekend in Winston and was shocked to learn you can’t rent a car in this city on a Saturday after early afternoon and not on Sunday at all. What kind of city doesn’t have weekend car rental options? We have to go to PTI to rent late or weekends. How can we attract big industry and Gen Z creative class if we don’t have amenities that many cities a fraction of our size have?

yadkin · #**2268** Posted **Jul 20, 2026, 12:37 AM**

Just for fun AI’s response.

“Yes, you can absolutely rent a car in Winston-Salem on the weekends. While local neighborhood branches have shorter operating hours than airport locations, many offer weekend pick-ups and allow 24/7 drop-offs via secure key boxes.”

It is true that non-airport locations have shorter hours on the weekends even in cities with a major airport. Even Budget and Avis have facilities at Smith Reynolds but close early on the weekends.

But agreed W-S is too large for car rental offices to close early on weekends!

Maybe Smith Reynolds needs air service again. Norfolk area (about same size as GSO & W-S) has two airports. The so-called triad can support two airports.

AtlantaProf · #**2269** Posted **Jul 20, 2026, 1:03 AM**

I rented a car today (Sunday) at Enterprise at 2111 Peters Creek Parkway. I picked up the car at 8:30 AM.

DCMetroWinston · #**2270** Posted **Jul 20, 2026, 1:42 AM**

Quote:

Originally Posted by AtlantaProf

I rented a car today (Sunday) at Enterprise at 2111 Peters Creek Parkway. I picked up the car at 8:30 AM.

Good to know. That location didn’t come up in my app search.

B-V-R · #**2271** Posted **Jul 20, 2026, 12:31 PM**

It's been a little while, but several years back when I was traveling more for work I used to rent a car from the Enterprise on Stratford on the weekend pretty regularly.

yadkin · #**2272** Posted **Jul 20, 2026, 4:48 PM**

So, Lost World Brewery of Cornelius/Charlotte is brewing Deacon Ale. They couldn’t get a deal with a brewery in W-S like maybe Foothills or is the an attempt to associate further WF with Charlotte?

Winston-Camel · #**2273** Posted **Jul 20, 2026, 4:54 PM**

Searching the Market Survey Survey Platform that my firm uses (Apartment IQ), I have some stats that may be useful for this thread. I adjusted the parameters of the search to include Downtown core, Baptist and Forsyth Hospital area, as well as Wake Forest campus.

Class A shows a marginal increase in net rent growth (last 30 days), average occupancy of 93-94%, and a 44% increase in absorption YoY.

Class B shows shows negative net rent growth of (3.5%) for last 30 days, average occupancy of 88%, and a (1,500%) decrease in absorption YoY.

Class C shows 5.1% net rent growth (last 30 days), average occupancy of 93%, and a (205%) decrease in absorption YoY.

The combined statistics for Class A, B, C show 1.5% net rent growth (last 30 days), avg occupancy of 93.3%, and a (73.3%) decrease in absorption Yoy. For the entire boundary I searched, there are zero new deliveries in the last 12 months.

I tried posting a screenshot of the data with no luck. Will post again if I can figure it out.

Winston-Camel · #**2274** Posted **Jul 20, 2026, 4:58 PM**

Quote:

Originally Posted by Winston-Camel

Searching the Market Survey Survey Platform that my firm uses (Apartment IQ), I have some stats that may be useful for this thread. I adjusted the parameters of the search to include Downtown core, Baptist and Forsyth Hospital area, as well as Wake Forest campus.

Class A shows a marginal increase in net rent growth (last 30 days), average occupancy of 93-94%, and a 44% increase in absorption YoY.

Class B shows shows negative net rent growth of (3.5%) for last 30 days, average occupancy of 88%, and a (1,500%) decrease in absorption YoY.

Class C shows 5.1% net rent growth (last 30 days), average occupancy of 93%, and a (205%) decrease in absorption YoY.

The combined statistics for Class A, B, C show 1.5% net rent growth (last 30 days), avg occupancy of 93.3%, and a (73.3%) decrease in absorption Yoy. For the entire boundary I searched, there are zero new deliveries in the last 12 months.

I tried posting a screenshot of the data with no luck. Will post again if I can figure it out.

I should add that There are only 4 properties that fall in the Class B category which is the primary driver of the extremely negative absorption % figure. There are far more Class A and Class C properties in the boundary I selected.

SpikedCoffee · #**2275** Posted **Jul 20, 2026, 5:18 PM**

Quote:

Originally Posted by DCMetroWinston

I tried to rent a car on a weekend in Winston and was shocked to learn you can’t rent a car in this city on a Saturday after early afternoon and not on Sunday at all. What kind of city doesn’t have weekend car rental options? We have to go to PTI to rent late or weekends. How can we attract big industry and Gen Z creative class if we don’t have amenities that many cities a fraction of our size have?

I know it seems weird, but Modern Chevy on University and Modern Toyota on Peters Creek rent cars. I'm not sure their hours, probably closed on Sunday.

DCMetroWinston · #**2276** Posted **Jul 20, 2026, 11:07 PM**

Quote:

Originally Posted by SpikedCoffee

I know it seems weird, but Modern Chevy on University and Modern Toyota on Peters Creek rent cars. I'm not sure their hours, probably closed on Sunday.

Thanks

DCMetroWinston · #**2277** Posted **Jul 20, 2026, 11:09 PM**

Quote:

The GotoWinston-Salem ANNOUNCED — Honoré is coming to downtown Winston-Salem, opening in the former home of 6th & Vine!

➡️ WHAT: Honoré will bring a shareable, small-plates experience to the Arts District, featuring a menu of tapas, hors d’oeuvres, and antipasto
WHEN: Expected August 2026
WHERE: 209 W 6th Street, Winston-Salem

DCMetroWinston · #**2278** Posted **Jul 22, 2026, 12:28 AM**

Quote:

Originally Posted by Winston-Camel

Searching the Market Survey Survey Platform that my firm uses (Apartment IQ), I have some stats that may be useful for this thread. I adjusted the parameters of the search to include Downtown core, Baptist and Forsyth Hospital area, as well as Wake Forest campus.

Class A shows a marginal increase in net rent growth (last 30 days), average occupancy of 93-94%, and a 44% increase in absorption YoY.

Class B shows shows negative net rent growth of (3.5%) for last 30 days, average occupancy of 88%, and a (1,500%) decrease in absorption YoY.

Class C shows 5.1% net rent growth (last 30 days), average occupancy of 93%, and a (205%) decrease in absorption YoY.

The combined statistics for Class A, B, C show 1.5% net rent growth (last 30 days), avg occupancy of 93.3%, and a (73.3%) decrease in absorption Yoy. For the entire boundary I searched, there are zero new deliveries in the last 12 months.

I tried posting a screenshot of the data with no luck. Will post again if I can figure it out.

Thanks, Camel. This is good, intriguing data.

WSBornNBred · #**2279** Posted **Jul 22, 2026, 9:23 AM**

Quote:

Originally Posted by yadkin

So, Lost World Brewery of Cornelius/Charlotte is brewing Deacon Ale. They couldn’t get a deal with a brewery in W-S like maybe Foothills or is the an attempt to associate further WF with Charlotte?

I don’t know the economics behind the product, but I assume there is a split revenue agreement that some larger breweries, like Foothiils, may not be interested in.

DCMetroWinston · #**2280** Posted **Jul 23, 2026, 12:02 AM**

WSJ:

Quote:

Sandbox VR, billed as a "full-body immersive virtual reality arcade,' will open on Aug. 7, the Downtown Winston-Salem Partnership announced Wednesday in its weekly newsletter.

The arcade will be at 201 W. Fourth St., the former CVS pharmacy site. The building has been vacant since CVS left in 2024, as part of a consolidation initiative that was projected to close 900 stores nationwide.