Carmichael Building

Durham, NC (2013)

Carmichael Building

Adult Education, Business Development, College or Vocational Training, Community, Healthcare, Incubator, Manufacturing, Research

A former Liggett and Myers tobacco warehouse in Durham, NC, the Carmichael Building, is now home to lab, research, and office space for Duke University's Molecular Physiology Institute.

Investment

NMTC Amount: $29,600,000
Total Project Cost: $47,822,446

IMPACT

225 FTE jobs
350 construction jobs

CDEs

CAHEC, Telesis CDE Corporation, Urban Research Park CDE, USBCDE

Investor

US Bank

Project Description

A former Liggett and Myers tobacco warehouse in Durham, NC, the Carmichael Building, is now home to lab, research, and office space for Duke University’s Molecular Physiology Institute. New Markets Tax Credits helped make this rehabilitation possible.