Revolution Mill

Greensboro,
NC
(2011)

Revolution Mill

Community, Incubator, Mixed-use

The redevelopment of the mixed-use, destination campus.

Investment

NMTC Amount: $11,500,000
Total Project Cost: $11,500,000

IMPACT

616 FTE jobs
1,200 construction jobs

CDEs

Stonehenge Community Development

Investor

US Bank

Project Description

Self-Help Ventures Fund, owner of Revolution Mill and the surrounding 45 acres two miles north of downtown Greensboro, closed on a financing package and began an accelerated construction schedule to complete the redevelopment of the mixed-use, destination campus by the third quarter of 2016. The total cost of the development will exceed $100M, making it the largest current commercial construction project in Greensboro. Development Manager Micah Kordsmeier said construction will ramp up immediately on an accelerated schedule. ‘We have been steadily working since 2012, investing over $10 million since acquiring the property,’ he said. ‘That investment allowed us to save a deteriorating landmark by replacing 370 eight-foot windows and three acres of leaking roof while planning for a future as a cultural hub for the Triad. We are excited that we can now go full speed ahead.’

MAP

Address: 1451 South Elm-Eugene Street, Greensboro, NC 27406

Census Tract: 37081011300

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