GREENSBORO, NC (WFMY) -- A Wisconsin-based Alexander Company is taking on the task of rehabilitating the historic Printworks Mill in Greensboro!
The project will be used to create a vibrant, mixed-use community in Greensboro's Mill District.
PHOTOS| Historic Printworks Mill Redevelopment Breaks Ground
The roughly 470,000 square-foot building will offer mixed-income residential apartments, interior parking, retail space, and climate-controlled self-storage facilities.
The community will also offer a wide array of amenities to match the interests of residents and visitors, including a club room, fitness center, grilling area, swimming pool, tot lots, landscaped courtyards with gazebos, and an extension of the Greensboro Greenway.
The preservation of these historic mills is a valuable economic development tool,
says Mayor Nancy Vaughan.
The Printworks Mill redevelopment is breathing new life into the community while keeping our history alive and delivering much-needed affordable
Affordable one and two-bedroom apartments will be available at $681 and $817 per month. Those apartments will be reserved for those who earn less than 60% of area median income.
The average monthly rent for market-rate one and two-bedroom apartments will be $950 and $1,400 respectively.
The community has an extensive history with these mills,
says Joe Alexander, President of The Alexander Company.
You can't tell the story of Greensboro without them, and we're excited to restore Printworks Mill and return it to the community as a thriving campus.
Based on the current construction timeline, the apartments will be ready for occupancy in the second quarter of 2020.
Commercial and self-storage spaces are scheduled to become available in the fourth quarter of 2019.