Downtown Roanoke Historic Gem Restored

Virginia Community Capital
Wednesday, September 10, 2014

With help from Virginia Community Capital, Khans Builders & Contractors has converted a historic building in Roanoke, Va. into a 90-apartment mixed income space. VCC provided construction financing, in partnership with HomeTown Bank and Community Bankers’ Bank and with permanent financing from The Virginia Housing Development Authority. This is a dream come true for Faisal Khan. For years, he had driven past the once-vibrant Ponce de Leon hotel and imagined ways to revitalize the building. The Khans paid great attention to detail to restore original architectural elements, including mosaics, crown molding, and parts of the original marquee. "[W]e really started discovering the historic fabric that has been untouched for 40 years," said Khan.