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**Cheferkon Partners Launches First Ground-Up Development in Winston-Salem**
Cheferkon Partners, a firm known for acquiring multifamily properties in the Atlanta area, is breaking new ground—literally—with its first newly constructed development project in Winston-Salem, North Carolina. The planned development, located on Kester Mill Road, marks a strategic shift for the company, which is traditionally focused on acquiring existing assets.
To mitigate risk on this inaugural build, Cheferkon is partnering with several other firms. Carr Building Co. will be part of the development team, alongside investment collaborators Goldstone Capital Ventures, Three Keys Investments, and Alliance Capital of Florida.
The project, named One Salem Apartment, will consist of a three-story complex housing 184 units. Construction is slated to begin within five to six months, with completion expected to take between 18 months and two years. According to the Triad Business Journal, the total development cost is projected to be between $38 million and $40 million.
The One Salem complex will feature seven residential buildings and a clubhouse. Planned amenities include covered parking spaces, an outdoor swimming pool, a dog park, and a pickleball court—offering a modern lifestyle package for future residents.
This development represents a significant step for Cheferkon Partners as it diversifies and expands its portfolio beyond its traditional acquisition strategy.
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