A New Purpose for an Old Building

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At the corner of Ninth and Main streets sits a spectacularly built gem in the heart of historic downtown Lynchburg. The six-story Krise building, erected in 1905, was constructed as the city’s first “skyscraper,” with a bank on its first floor and offices above. Over a century later, the Krise is being morphed into 21 apartments: eight one-bedrooms, 11 two-bedrooms, and two three-bedrooms. The Krise will also include four retail spaces on the ground floor and two penthouses on the top.

Developers eye landmark Krise Building in downtown Lynchburg for luxury apartments

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After 10 years of planning, the circa-1905 Krise Building downtown is finally on its way to becoming 21 New York-style luxury apartments with two penthouse suites overlooking iconic sites such as Monument Terrace, the James River and the former Lynchburg National Bank building on Main Street.

Developers hope to start construction after closing on the landmark property Wednesday afternoon. Construction should take about a year. They hope to open in late summer 2019.

Krise building readies for Instagram debut

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As soon as next month the Krise building could start showing up in your social media feed.

With just nine months left to go before its grand opening, developers hope to see a website, Facebook and Instagram pages for the Krise go live in January.

 

Walker & Dunlop Provides $4 Million Construction Loan for the Revitalization of Lynchburg, Virginia's Historic Krise Building

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BETHESDA, Md., Sept. 26, 2018 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it structured a $4,891,500 construction loan through the United States Department of Housing and Urban Development (HUD) for the revitalization and apartment conversion of the Krise Building. Located in Lynchburg, Virginia, the historic seven-story building will be a mixed-use property for multifamily housing and commercial use.

 

Historic downtown Lynchburg building being renovated into lofts

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LYNCHBURG, Va. (WSET) -- New lofts are coming to downtown Lynchburg.

 The Krise Building, on 9th and Main Street, was acquired this week, and investors say there will be 21 units in the building.

There will also be four commercial units on the first floor.