Saturday, August 20, 2005

Transformation Of Downtown Huntington Continues

Several buildings in downtown Huntington are about ready to undergo transformations. First, Swiss Capital Group has purchased The St. James building at 401 10th St. from local businessman John Hankins for $6.5 million and will convert 53 of the building’s apartments into condominiums, Hankins announced Friday afternoon.

Hankins also said he will begin within 30 days converting The Frederick Building back into a hotel and outfitting the old Stone & Thomas and M.D. Angel buildings with loft apartments.

The projects represent a $20 million investment that will add at least 200 families to downtown Huntington, Hankins predicted.

Hankins said the mixed commercial-entertainment complex Pullman Square was a “catalyst” that attracted the development.