Piedmont Place developers Drew and Michelle Holzwarth have sold the downtown mixed-use building, considered the first demonstration of what the commercial redevelopment of the former Barnes Lumber property could resemble, to Andrew and Isabelle Baldwin of Greenwood.
Mountainside Senior Living in Crozet is being sold from the nonprofit Jefferson Area Board for Aging to a for-profit company.
She said JABA has struggled to keep the facility financially sustainable without the infusion of additional funds over the last 18 months.
“We realized that we wanted to find a solution that would allow everyone to remain where they were and would allow us to continue to be fiscally responsible to JABA,” she said.
Part of the sale guarantees that current residents would stay and that there is a continued commitment to a percentage of low-income spaces, Keane said.