Developers say we're still a decade away from seeing its full potential, but you're looking at a good start.

The Bridges is the commercial and residential project by a Richmond-based developer that received 10-million dollars from Roanoke City.

The development is right across the street from the Virginia Tech-Carilion Medical School where the old flour mill and scrap yard used to be.

Construction crews are laying the foundation for the apartments first and hope to have them ready for the start of the 2014 school year in late August, but they're open for everyone.

"$150 million in total investment with about a million square feet and that should take 10 to 12 years, so a long time, that'll be big changes," says project manager Aaron Ewert.

Part of the construction will also be on the other side of the Roanoke River next to the Walnut Street Bridge.