Revolution Mill Unveils 2005 Revolution Mill: A New Milestone in East Greensboro

By Staff

April 29, 2024

2005 Revolution Mill Opening

Greensboro, NC -- Revolution Mill is thrilled to announce the official opening of its second phase, 2005 Revolution Mill, on Wednesday, May 1st. The celebration will commence from 3:30 to 5:30 pm at 2005 E. Yanceyville Street, Greensboro, with a ribbon-cutting ceremony at 4:00 pm followed by a reception, refreshments, and guided tours of the development.

WHAT: Official Opening of 2005 Revolution Mill – a historic textile mill, constructed 1899-1935, placed on National Register as part of Revolution Mill in 1982 that is now converted into mixed-use space with active retail on ground floor; 50k sf office and 33 residential units above.

WHERE: 2005 E. Yanceyville Street, Greensboro

WHEN: Wednesday, May 1st. Ribbon Cutting, Guided Tours from 3:30 to 5:30 pm

Advance tours available for members of the news media

WHY: 2005, the most recent development on the Revolution Mill Campus, aims to bolster economic development in northeastern Greensboro. This ambitious project by non-profit community development organization Self-Help Ventures Fund has been in the works since 2018, turning a 145,000-square-foot building into a dynamic mixed-use hub featuring residential and commercial tenants, and creating an estimated 315 construction jobs and 323 new permanent jobs in the process.

Built in two phases between 1915 and 1935, the historic five-story building now blends modern aesthetics with industrial heritage, boasting original brick walls, expansive windows, exposed concrete pillars, and polished concrete floors. Significantly, the structure is built atop the recently restored North Buffalo Creek and is situated adjacent to public gathering areas known as “The Stacks” and "The Docks."

Currently, select leasing opportunities are available for the second and third floor Class A commercial office spaces. On the first floor, "The Grove" offers flexible office spaces tailored for new businesses, entrepreneurs, freelancers, and three retailers. Excitingly, negotiations are underway for a future 6,000 square foot restaurant within the project, and adjacent to 2005, an upcoming hospitality area is in the works, set to introduce a tap room, bar, additional restaurants and retail spaces in 2025.

The $38 million dollar project was made possible with $5.5 million in New Market Tax Credits, $5 million in Federal Historic Tax Credit investment, and $6.7 million in State Historic Tax Credit Investment, along with Self-Help’s significant investment.

About Revolution Mill

Revolution Mill is a revitalized former Cone Mills textile factory spanning 45 acres and located just two miles outside downtown Greensboro. The 800,000 square foot development has transformed into a vibrant hub featuring shops, offices, restaurants, and apartments, and 2005 Revolution Mill, a $38 million mixed-use commercial and residential project, stands as a testament to this transformative vision.

Since 2012, Revolution Mill, under the stewardship of developer-owner Self-Help, has revitalized the south's first and largest cotton flannel mill (circa 1899) and transformed the campus into a vibrant hub featuring shops, offices, restaurants, and apartments. With a total investment-to-date of $140 million, the campus now hosts 140 companies, employs 1,250 workers daily, and offers 345,000 SF of creative and office space, with 184 loft-style apartments home to 270 residents. Notable dining establishments on the campus include Cugino Forno wood-fired pizza, Kau Butchery and Restaurant, Peaces of Her/Mindful Supply smoothies & salad shop, and Black Magnolia Patisserie bakery.

For more information about Revolution Mill and its offerings, please visit revolutionmillgreensboro.com.

About Self-Help Credit Union

Self-Help Credit Union was chartered in 1983 to build a network of branches that partner with working families and communities often underserved by the financial marketplace. With over $1.8 billion in assets and serving more than 89,000 members in 37 branches – eight in Florida, one in Georgia, 23 in North Carolina, four in South Carolina, and one in Virginia— Self-Help Credit Union is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of nonprofit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For over 40 years, the national Center for Community Self-Help and its affiliates have provided more than $11 billion in financing to help more than 168,000 borrowers buy homes, start and grow businesses and strengthen community resources. For more information, visit www.self-help.org.

Contact Us

Lee Mortensen, Real Estate Leasing & Marketing Manager, Self-Help, Revolution Mill | Phone: 919-956-4455 | Email: [email protected]