Traverse City Record-Eagle

Archive: Sunday

March 31, 2013

The Homes That Socks Built

TRAVERSE CITY —  

Socks Construction is at it again.
The family owned construction company that’s made its mark around downtown Traverse City one project at a time is getting ready to launch yet another at the corner of Eighth and Cass streets.
Old Town Corner is the name they’ve given to a new development that will include 4,000-square feet of commercial ground floor space with seven two-story townhomes on the upper floors. The roughly 1,650-square-foot units will sell for around $330,000. They’ll have elevator service with covered parking for residents off the alley side. 
Socks bought the house currently on the site, which is being rented to seven tenants, and plans to raze it in mid-June, with project completion slated for early 2014.
The new development is right across the street from the Regatta Building, which Socks built after moving two homes. And it’s just down the block from their Ivy Terrace project, currently under construction between Eighth Street and the Old Town Parking Deck. That effort will include 16 residential units starting at $200,000 that are accessible to the parking structure.
“They’ve been a key to our development activity in the city, partly because they are really creative in their approach of being very much in tune with what the marketplace will support,” said Traverse City Planner Russ Soyring. “If they feel there’s a market niche, they go for it."
The core partners – socks brothers David, 36, and Charlie, 40, and cousin John Socks, 42 – are happily settled in the new office they created for their company when they built the relatively new, 12,000-square-foot 309 Cass Building along the Boardman River across from Firefly restaurant.
The other commercial tenant, MBank, was their lender on the project. Upstairs live four tenants. Also part of Socks Construction are David and Charlie’s brother and dad, Rich Sr. and Rich Jr.

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