A long-time local builder known for student housing plans to bring a mixed apartment and commercial space development to a property near Radford University that’s currently occupied by a laundromat and another building that formerly housed a Chinese restaurant.
Under a company called East Radford Development Corporation, Price Williams Realty has been granted a special use permit by the city for its plans to build a multi-story building that will house commercial tenants on the bottom floor and mostly one- and two-bedroom rental housing on the remaining floors. The building, set to take up a parcel on 702-708 E. Main St., will replace a single story structure that houses a Cooks Clean Center and Cooks Formals and a nearby vacant building once occupied by the Canton Chinese restaurant.
The mixed-use development will be similar to another property Price Williams completed on Tyler Avenue that provides apartments on the top floors and chains such as Subway and 7-Eleven on the bottom. Unlike the Tyler project, however, the housing in the firm’s upcoming development will target full-time wage earners and professionals, not college students, said Jeff Price, a partner at the real estate firm.
