K&W Cafeteria Site Sold for $1.5M

A historic Winston-Salem K&W Cafeteria spot on West 4th Street just sold for $1.5 million to local real estate giant Pactiv Evergreen—the same company behind the big paper cup factory in Clemmons. Known for redeveloping commercial spaces, Pactiv sees this prime location, once a beloved local landmark that closed in 2019, as a golden opportunity to reimagine its future. With a growing portfolio across Clemmons, Kernersville, and major cities like Charlotte and Raleigh, this Winston-Salem purchase marks another key step in their regional expansion strategy. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b999c1e08304e58d