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
Real Estate Transformation
Historic tax credit conversion of 8,500 sq. ft. building into multi-use (7 residential rental units and 2 commercial office).
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
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
Conversion of a derelict brownfield property into Class A recreational vehicle and boat storage-valet business.
Fort Knox Self Storage
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.
Property developer/owner 1992-2015
Conversion of 201,000 sq. ft. manufacturing facility into drive-thru self-storage.
Eight warehouse conversions.
Qualified HUD developer 221(d)4, 223(f)
Raleigh, Durham, Hillsboro, Chapel Hill, NC
10 complexes / 2,300 apartments
When digging in on any project or proposal, Cherney Development measures its business decisions against the mantra of three key benchmarks.
Cherney Development Company, Inc.
19 Franklin Road SW, Roanoke, VA 24011