Model Mill

Financing for rehab of the Model MIll on West Walnut Street into a new headquarters for a business.

Investment

  • NMTC Amount: $16,600,000
  • Total Project Cost: $19,500,000

IMPACT

  • 148 FTE jobs
  • 150 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

Summers-Taylor Inc. expects to make the Model MIll on West Walnut Street its new headquarters by the end of the year (2020). The highway construction company will occupy one-third of the space inside the refurbished building, which once thrived as a flour mill. The mill was at the risk of becoming more of an eyesore than an iconic downtown Johnson City structure. Summers came to a sound deal with the previous owners and will progress toward a later-half 2018 finish date of his work at the site.

MAP

Address: 620 West Walnut Street, Johnson City, TN 37604

Census Tract: 47179060800

PDF Profile

Site Visits

Other Tennessee Projects

Manufacturer of low-volume stamped metal parts expanded and added 50 new jobs

NMTC financing supported the launching of a new, onsite full-service oncology program for a safety net hospital in Memphis, TN. The project will occupy two dedicated floors in the Regional

The clinic is undertaking an $8 million renovation of the 30,000 sq. ft. Aladdin Industries building on Murfreesboro Road, where it will be joined by Prevent Child Abuse Tennessee and

Financing for the expansion of a manufacturer of heat exchangers.