Development Update: 3 Historic Inns and their current status

Three historic inns in downtown Winston-Salem have come under the same ownership over the last few years.  These three inns are:  

1. The Shaffner House, now the Shaffner Inn - 150 S. Marshall Street (owned by local investors Dr. Eric Alspaugh and Lou Baldwin; and Cory Pignone of Richmond, VA)
2. The Colonel Ludlow House - 434 Summit Street (owned by local investors Dr. Eric Alspaugh and Lou Baldwin)
3. The B.J. Sheppard House - 420 Summit Street (owned by local investors Dr. Eric Alspaugh and Lou Baldwin)

Shaffner House @ 150 S. Marshall Street (Photo by David Rolfe, Winston-Salem Journal)

Reopened for business in July 2021.  Estimated Cost: Acquisition: $1.2 million Redevelopment Budget: $600,000 in improvements over several years

Link to Winston-Salem Journal news item about the Shaffner House from July 20, 2021

Link to "Shaffner Inn" Website

Colonel Ludlow House @ 434 Summit Street (Photo by @winston_360)

Learn more about Colonel Ludlow by clicking this link

B. J. Sheppard House @ 420 Summit Street (Photo by @winston_360)

Learn more about Sheppard and this structure by clicking here

Link about the purchase of the Ludlow House and Shepard House in the Winston-Salem Journal

Total Acquisition and Renovation costs were approximately $3M for both of these historic homes.  These two side-by-side historic homes will be operated as a Historic Inn with 9 rooms. The renovations are extensive including new bathrooms for each guest room including tile and glass showers with a rain showers, claw foot tubs and pedestal sinks; extensively remodeled guest rooms, historic rehabilitation, anticipated to open August, 2022.

Grace Court Office Park

Alspaugh and Baldwin are the re-developers of the Grace Court Office Park. This consist of the entire block surrounded by Brookstown Avenue, Fourth Street, Fifth Street, and the Grace Court Park. There are 8 structures which house multiple businesses including architecture firms, fundraising development firms, and more. One building houses the Grace Court Apartments, 5 attractive West End long-term rentals. Two houses are used a short-term furnished rentals.  Grace Park at the West End, LLC, lead by Alspaugh and Baldwin, acquired these properties in February, 2019.

Link for more info about the Grace Court Office Park