Previous Projects
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Converse Mill: Spartanburg, South Carolina
Converse Mill is a rehabilitation and repurposing of a textile mill built in 1896. Once a beacon of the Spartanburg textile world, Converse Mill was (re)built in 1902 after the original mill building was swept away in a flood of the Pacolet River. The project consisted of 173 market rate residential rental units. Financing included a HUD Section 221 (d)(4) insured loan, federal and state historic tax credits. The project began construction in 2Q/2021 and completed construction in 3Q/2023.
Loray Mill: Gastonia, North Carolina
A former Firestone tire-fabric plan closed in 1993 and was converted into 190 loft apartments and approximately 80,000 square feet of commercial space. The developer and City officials worked closely in many levels. Gastonia and Gaston County provided a back stop lease, infrastructure funds and utilities to the project. Financing for this project included Federal Historic Tax Credits, State Historic Tax Credits and State Mill revitalization Tax Credits.
Piedmont and Third: Atlanta
Piedmont and Third is a renovation and repurposing of an historic apartment building in the Piedmont area of Atlanta. Total renovation of the historic apartment resulted in 31 for sale loft-style condos. Unique architecture and age of the structure qualified the project for historic tax credits. While most of the 33 units were straight-forward in design, the architect incorporated the old boiler room as an additional unit. Renovation included preservation of some plumbing fixtures like sinks and claw-foot tubs to keep the authentic appeal.
Johnston Mill Lofts: Columbus, Georgia
Johnston Mill Lofts is a 336-unit multifamily residential adaptive reuse of a former cotton mill. Financing included tax -exempt bonds and a combination of LIHTC tax credit equity and historic tax credit equity. The City of Columbus provided additional grant funds to bridge the financing gap as well as constructing a river walk from the downtown area to the project (1 mile). Johnston Mill was the catalyst for development efforts in the north side of Columbus. Johnston Mill created a market for multifamily in an area that had not seen growth for over 20 years. In a market that “did not exist”, Johnston Mill reached full occupancy approximately 18 months after construction completion.
The projects above were completed by the principal(s) of Historic Ventures, LLC through various entities before the formation of Historic Ventures, LLC.