Revolution Mill

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

Investor

https://www.youtube.com/watch?v=-jBqtbc-CeI

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

Other North Carolina Projects

NMTC financing to rehab the Morgens Brothers building, constructed in 1910.
In 2017, construction on a new child-development facility at The Renaissance public-housing community.
NMTC financing supported 900 jobs in Bessemer City.
NMTC financing for the Mill House, the final phase of the historic Revolution Mill Complex revitalization in Greensboro, North Carolina.