A major renovation of a historic property in Greensboro, North Carolina is moving full speed ahead.
More than 100 years ago, the massive complex of brick buildings and smokestacks off of Yanceyville Street in Greensboro helped revolutionize the textile industry in the South.
The old Revolution Mill closed in the early 1980’s.
Now a new owner, Self-Help Ventures Fund, recently closed on a $100-million finance package to redevelop the complex.
“Once it’s completed, Revolution Mill will house more than 140 apartments, office space, two restaurants and 40 artists’ studios. We could see 1,500 people living, working and creating on the campus,” says Triad Business Journal’s Kristin Zachary.
Zachary says Self-Help Ventures Fund plans to capitalize on the city’s arts culture, pairing it with the city’s manufacturing history to create a live/work/play campus.