New Markets Tax Credit Coalition

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  • Durham,
  • NC
  • (2013)
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Carmichael Building

District: Valerie Foushee (D-NC04)

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

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Investor

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.

External Profile

MAP

Address: 300 North Duke Street, Durham, NC 27701

Census Tract: 37063002200

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