ROANOKE, Va. – A downtown Roanoke building built 61 years ago has a new owner.
Kalyan Hospitality purchased the First Federal Building, located at the corner of Church Avenue and 1st Street SW, for $3.1 million, real estate group Poe & Cronok announced Tuesday.
The office building is currently occupied by Pinnacle Bank; however, the bank is moving next year to its newly constructed downtown headquarters on Campbell Avenue.Â
Kalyan Hospitality is exploring options to renovate the property for a new downtown hotel or modern offices.