Upmarket apartments, wood-fired restaurant in Albemarle town center
Posted 10:53 a.m. on Tuesday, September 27, 2022
Renovations are still underway at the Albemarle Hotel, the nearly century-old building that will soon be transformed into The Residences at the Albemarle Hotel. It will feature 29 rental apartments, ranging from 500 to 1,400 square feet, as well as a full-scale restaurant on the first floor.
The seven one-bedroom units on the fourth floor are mostly complete, except for a few items on the punch list, such as doorknobs, which still need to be installed, according to developer Jordan Jones during from a recent site visit to the property.
In addition to the fourth floor units, there will be seven one-bedroom units on the third floor, six one-bedroom units on the second floor, two two-bedroom units and one three-bedroom unit on the first floor, and three one-bedroom units bedroom. units and three two-bedroom units on the ground floor. Each unit will have its own HVAC and washer and dryer.
The second and third floor units are currently being renovated. Jordan, 37, plans to complete the renovations within 75 days. The smallest one-bedroom unit measures 500 square feet while the three-bedroom unit measures 1,630 square feet.
“It’s nothing but a labor of love,” Jones said of the old hotel’s renovation.
Jones and his Durham-based company Anchor & Pillar purchased the facility in December 2017. Renovations began in spring 2021.
Although he did not grow up in the county, Jones has a special connection to Stanly, as his mother’s family is from Badin. He has fond memories of visiting downtown Albemarle as a child, where the old hotel always stood out for him.
“It’s always been a community I’ve wanted to work in,” Jones said in an interview with The Stanly News & Press last year. “Albemarle has been on my radar and it’s a place I’m very excited to invest in.”
The renovation of the Albemarle Hotel is estimated at nearly $9 million through a combination of private investment and historical tax credit investors.
The property manager is still working on finalizing pricing for each unit, although Jordan said he expects units to start at around $1,000 per month, which will include utilities such as sewer, water and electricity.
Pre-letting has begun, Jones said, and he expects people to move into the property by mid-December. He has received around 260 emails from interested candidates over the past 12 to 16 months, of which around 15% he estimates are from Pfeiffer University students working in downtown Albemarle.
The upscale apartments will feature a variety of design elements, including historically restored windows, which offer stunning downtown views, granite countertops, and kitchen backsplashes. There will also be many amenities such as a fitness center, keyless entry, high-speed internet and a secure parcel management room, where people can pick up what has been delivered to them.
For those interested in the units, they can contact Stanly4Rent at [email protected] or
A new restaurant
Tenants living in the complex won’t have to go far to get something to eat since Christine’s wood fire will be located on the first floor, where the old fireplace used to be.
A wood-fired oven has been purchased in Italy for the restaurant, which will offer dishes ranging from artisan pizzas to a variety of steaks and seafood, owner Ryan Bybee said. He is already looking for ingredients for the menu.
The restaurant will open in early 2023, said Bybee, who is from Cabarrus County but has connections to Stanly. Through his Scratch Made Hospitality group, he operates several restaurants in the area, including Village Corner in Concord and Barcos Food Company in Oriental. He also has an ice cream shop, Churn Buddies, in Concord.
He plans to open two additional restaurants, Kuni’s Kitchen and Barcos Sports & Raw Bar, inside Gibson Mill in Concord.
The restaurant is named after his late grandmother, Stanly native Christine Thomas Barnhardt. He still has several family members in the county.
Bybee was introduced to Jones through a relative, Eddie Shimpock, who was an investor in the project.
“I think the building is amazing,” Bybee said. “It’s in such a cool place.”
There will be approximately 120 seats, including space in the former ballroom that will be reserved for private dinners and special events, such as rehearsal dinners. There will also be a full bar, with seated tables.
Bybee wants Christine’s to be a place where people can be comfortable, no matter the setting.
“We want people to feel like they can come and celebrate birthdays and really important life milestones, but they can also come on a Tuesday night and sit down and enjoy a cozy evening,” said Bybee.
With his casual restaurant concept, he hopes to fill a niche in the city, particularly downtown, “and I feel like there’s a place for that here.”