Bill Atwood

Architect Bill Atwood’s plan to land bank the top floors of Waterhouse has taken an abrupt turn toward foreclosure and auction at the courthouse January 29.
Stephen Barling

UPDATE: Auction postponed for Waterhouse condos

The foreclosure auction of four Waterhouse condos scheduled for Monday, January 29, was canceled, and trustees for the sale are mum about why. Isak Howell is named as a substitute trustee on the legal notice that ran in the Daily Progress, but the phone number listed is for a Roanoke law firm that says he […]

West2nd retains its L-shape, but holds another 28 condos. The view is the corner of Water and Second Street SW. Courtesy Keith Woodard

Feasibility project: New West2nd plan draws complaints

In 2014, the city had a public competition for plans to develop the municipal parking lot that was the longtime home to City Market. Keith Woodard won, and three years later, West2nd, his bold mixed-use project that will house the market, has gone back to the drawing board. Last month, Woodard announced a new development […]

Architect Bill Atwood says he lost “a ton” of money on Waterhouse, which has two vacant top floors. Photo by Stephen Barling

Land banking: Mystery of Waterhouse revealed

The reason prime real estate continues to sit empty on the top two floors of architect Bill Atwood’s eight-story mixed-use Water Street building is a topic of frequent speculation for downtown real estate watchers. Were the top floor units too expensive? Is the building structurally sound? Is it the $272,000 mechanic’s lien? No, yes and […]

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