A community-minded team of seasoned professionals, Cherney Development has a rich history of collaboration that’s good for the local economy, good for its business partners and good for the bottom line.
For over 30 years, Cherney Development has done business in the Southeast with extensive experience in constructing and transforming commercial, big box, residential, industrial manufacturing and warehouse properties and, as a qualified 221(d)4 and 223(f) HUD developer, multi-family home properties.
Having extensive experience with historic tax credits, the team embraces projects that aim to restore local architectural aesthetics, that enhance the community.
INNOVATIVE STRATEGIES OF
COLLABORATION
Real Estate Transformation
Wallace Building
Roanoke, VA
Property developer/owner
Historic tax credit conversion of 8,500 sq. ft. building into multi-use (7 residential rental units and 2 commercial office).
Printer's Alley
Roanoke, VA
Property developer/owner
Conversion of a 1929 printery of more than 18,000 sq. ft. into 18 one-bedroom urban design units and a 75-seat Euro gastro pub style restaurant, Sidecar.
Fort Knox Drive-Thru Self-Storage
Roanoke, VA
Property developer/owner
On 11 total acres, converted condemned 100,000 square-foot, three-acre building into drive-thru self-storage facility, with out-parcels allocated for future development.
Dedicated RV & Boat Valet Storage
Statesville, NC
Property developer/owner
Conversion of a derelict brownfield property into Class A recreational vehicle and boat storage-valet business.
CASE STUDIES
Self-storage Innovation
Fort Knox Self Storage
Winston-Salem, NC
Property developer/owner 1990-2017
Conversion of derelict non-performing retail big box into the nation’s first indoor drive-thru 88,000 sq. ft. self-storage facility with annual receipts of $750K.
Parking collateral developed for Holiday Inn and automobile sales.
Greensboro, NC
Property developer/owner 1992-2015
Conversion of 201,000 sq. ft. manufacturing facility into drive-thru self-storage.
Washington DC
Eight warehouse conversions.
Residential Construction
Qualified HUD developer 221(d)4, 223(f)
Lincolnton, NC
Hampton Court
The Oaks
Raleigh, Durham, Hillsboro, Chapel Hill, NC
Multi-family development
10 complexes / 2,300 apartments
BENCHMARKS
When digging in on any project or proposal, Cherney Development measures its business decisions against the mantra of three key benchmarks.
CONSORTIUM
You can judge a business by the company it keeps. Our consortium of business providers work with a team-oriented approach.
Meet a few of our collaboration-partners.
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LOCAL INTERESTS
Cherney Development participates in the communities we serve.
Click below to learn about some of the important local organizations we're proud to support.
CONTACT
Cherney Development Company, Inc.
19 Franklin Road SW, Roanoke, VA 24011