Industries Commercial Real Estate

Historic Roanoke building to become boutique hotel

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The 110-year-old Liberty Trust office building in downtown Roanoke has been sold.

Poe & Cronk Real Estate Group in Roanoke reported the sale, saying the new owners, JS Project LLC of Fairfax, plan a historic restoration of the 36,000-square-foot building, turning it into a boutique hotel.

JS Project LLC is affiliated with Savara Development and Savara Hospitality in Fairfax.

A company spokesperson said planning for the restoration is still in its early stages, with work not expected to begin until some time next year. 

The building, constructed in 1908 by the Liberty Trust Co., is located at 101 S. Jefferson St.

In 1982, the property was listed in the National Register of Historic Places and as a Virginia Historic Landmark.

Poe & Cronk said the new ownership group has more than three decades of combined experience in the development and management of commercial, residential, and hospitality real estate projects throughout the mid-Atlantic.
 
Dennis Cronk Poe & Cronk of represented the seller, and Darrell Morris represented the purchaser in the transaction.

Poe & Cronk has served as the exclusive property management and leasing firm for more than 30 years and will continue to manage the property for the new owners.




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