Self-Help Ventures Fund Ramps Up Construction On 45-Acre Revolution Mill SIte Apartments, New Office Suites, Art Studios Expected to Be Ready in 2016 Jul 28, 2015 FOR IMMEDIATE RELEASE GREENSBORO, NC, July 14 – Self-Help Ventures Fund, owner of Revolution Mill and the surrounding 45 acres two miles north of downtown Greensboro, closed recently 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.” When completed in late 2016, Revolution Mill will have 142 one and two-bedroom apartments, 240,000 square feet of light-filled office space, and multiple dining options, but the real draw will be its cultural amenities. Space for 20-30 working artists, galleries, and a variety of indoor and outdoor event spaces will make Revolution a new center of creative activity. A planned greenway will make the campus a 15 minute bike ride to downtown via the Latham Park trail, and the Downtown Greenway. General contractors on the reconstruction of the 520,000 square foot mill and adjoining 19-acre lot spanning North Buffalo Creek, are C.T. Wilson of Durham and Weaver Cooke of Greensboro. The project will create 1,200 jobs over the next 18 months, supporting a payroll of some $25 million. David Ramsey, Executive Vice President of Greensboro Partnership Economic Development, said “Revolution Mill is a unique project, one that creates an exciting new hub of activity north of downtown. It will benefit Greensboro and its residents for years to come.” Approximately 125,000 square feet is built out and occupied, said Kordsmeier. “In the next phase, we will link the building closest to Yanceyville St., the former Nussbaum Center, to the completed phase. The top two floors will be premium office suites from 3,000 to 40,000 square feet, and the first floor is a combination of art studios, galleries and creative office layouts. “The goal is to create a vibrant, active space,” he continued. “We’re looking for tenants who are inspired by the architecture and engaging with people to create a unique live, work, create community.” Project architect Edwin G. (Eddie) Belk said the mix of one and two bedroom apartments will celebrate the building’s history and take advantage of the light from Revolution’s eight-foot windows and 12-foot ceilings. “Natural light will fill the buildings, both for apartments and offices,” Belk said. “Just like when it was built, monitor windows run the length of the roof, bringing down light throughout the building – almost 900 feet. It’s rare to have a building this big with so much natural light.” Public tours of the campus are offered; people interested in a 30-minute Hardhat Tour on Monday evenings can reserve a place at RevolutionMill@self-help.org. Self-Help is planning a celebration in the Fall where guests will be able to get a closer look at the plans and construction in process. The Revolution Mill District is a historic textile mill campus encompassing Revolution Mill and Olympic Mill sites, with adjacent land connected by North Buffalo Creek. Located just north of downtown Greensboro, the 45-acre, mixed-use campus is the place of choice to live, work and create. Listed on the National Register of Historic Places, the vibrant development will feature 142 large and affordable one, two and three bedroom apartments with natural light-filled rooms and modern amenities. Nearly 520,000 square feet of space, featuring the original maple floors and high ceilings, is under renovation, creating a striking backdrop for Class A office space. Spacious exposed brick studios create inspirational workspaces for artists and makers of all kinds. On-site event centers provide attractive space for weddings, special occasions and corporate functions. Revolution Mill is currently undergoing a $100-plus million dollar historic renovation, and is taking reservations now for apartments, artist studios, and office space for occupancy in 2016. For more information about the property, leasing availability and details surrounding commercial, residential and studio space visit www.revolutionmillgreensboro.com or call (336) 235-2393. ### For more information, contact David Beck, Self-Help, 919-956-4495 or email@example.com 2019 News Releases 12/17/19 - Self-Help Credit Union Announces Merger with Turbine Federal Credit Union 11/04/19 - Free 'Know Your Rights' Event for People with Disabilities 10/14/19 - Self-Help Federal, Fresno, Grand Reopening 10/11/19 - Self-Help Credit Union is coming to Raleigh 09/19/19 - Affordable housing loan fund launches in Durham 08/13/19 - Trump Administration’s New “Public Charge” Rule Could Harm Low-Income Immigrants 07/29/19 - Self-Help Credit Union Announces 2019 Scholarship Winners 07/15/19 - Grand Opening Celebration Self-Help Credit Union, Charlotte 04/01/19 - Self-Help Offers Scholarships for Students Who Give Back To Our Community 03/27/19 - Imagine: the future of homegrown entrepreneurship 03/25/19 - March 30: Grand Opening, Angier Business and Children’s Center 02/11/19 - Self-Help Apopka Grand Opening Continues Legacy of Community Trust 02/11/19 - Free Disability Rights, Assistive Technology Event in Asheville, Feb 27 2/11/19 - Free Disability Rights, Assistive Technology Event in Morganton, Feb 26 01/31/19 - Black History, Black Entrepreneurship: Couple Launches Independent Pharmacy in Historic East Durham 01/24/19 - National Baptist Convention Embarks on National Campaign 01/14/19 - Self-Help Offers Hardship Loans to Furloughed Federal Employees 2018 News Releases 12/13/18 - New Video Explores Legacy of Bakersfield Credit Union First Founded by Cesar Chavez 09/25/18 - CommunityWorks Federal Credit Union Joins Self-Help To Benefit Members, CommunityTo Benefit Members, Community 08/24/18 - The MacArthur Foundation invests in Seaway, a division of Self-Help Federal Credit Union 08/07/18 - Newell Named President of Seaway, a Division of Self-Help Federal Credit Union 05/23/18 - Self-Help Credit Union, Mangum Street Grand Rededication (Durham) 2017 News Releases 09/19/17 - Self-Help Announces Third Annual "Bringing It Home" Conference in Asheville, NC 06/29/17 - In Senate Committee Hearing, CRL Lays Out Consumer Plan For GSE, Housing Finance Reform 06/13/17 - Florida’s Jax Metro Credit Union Merges with Self-Help Credit Union effective June 1 03/13/17 - Self-Help to Acquire Selected Branches of Former Seaway Bank in Chicago 2016 News Releases 09/13/16 - Family Federal Credit Union in Wilmington, CA Merges with Self-Help Federal Credit Union 07/13/16 - Self-Help Credit Union Announces 2016 Education Scholarships Winners 06/27/16 - Self-Help Announces DTC-eligible Term Certificates for SRI Investors 04/19/16 - Revolution Mill Media Event on Major New Tenant Thursday April 21, 8.30 am 04/14/16 - Self-Help Credit Union Announces 2016 Community Education Scholarships 04/13/16 - Self-Help Credit Union and Greater Piedmont Credit Union Announce Merger 03/10/16 - Lease Signing Ceremony Tuesday, 3pm March 14 between Renaissance Community Co-op and Self-Help 02/23/16 - Study: Self-Help “Fresh Start” Product Improves Credit Scores 02/03/16 - Florida’s Community Trust Federal Credit Union Merges with Self-Help Federal Credit Union 2015 News Releases 12/02/15 - CDFIs Craft3, Self-Help Complete Second On-Bill Repayment (OBR) Loan Sale 11/19/15 - Self-Help Credit Union Report: Racial Disparities in Marijuana Enforcement Undercut Durham Progress 11/17/15 - Grand Opening Thursday for Fresno’s Self-Help Federal Credit Union Branch 10/14/15 - Revolution Mill Hosting Media Tour Tuesday, October 20 at 10 am 10/01/15 - Self-Help’s Choice Community Credit Union Adopting Self-Help Credit Union Name 09/15/15 - National Cooperative Bank, Self-Help Federal Credit Union Team Up to Finance Los Angeles’ With Love Market & Café 09/14/15 - Self-Help Credit Union Hosts Brevard Branch Open House 08/24/15 - Self-Help Closes $4.6 Million Loan to Minneapolis’ Eastside Food Co-Op 08/17/15 - Statement on Julian Bond’s Passing by Self-Help CEO Martin Eakes 08/06/15 - Self-Help Credit Union “Adopt a Backpack” Drive Up and Running 07/28/15 - Self-Help Ventures Fund Ramps Up Construction On 45-Acre Revolution Mill SIte 07/14/15 - Self-Help Ventures Fund Ramps Up Construction on 45-Acre Revolution Mill Site 07/09/15 - Self-Help Credit Union Announces Education Scholarships Winners 06/11/15 - Renaissance Shops Groundbreaking Tuesday, June 16 at 10:30 am 04/09/15 - Durham Co-op Market Ribbon Cutting at 2pm Saturday 03/17/15 - Grocers on Wheels, Self-Help Credit Union Borrower, in Durham Today! 02/13/15 - Self-Help Credit Union Hosting New Economy Conference on March 18th About Self-Help Self-Help is a leading national community development financial institution headquartered in Durham, NC. Since 1980, Self-Help has provided over $8.5 billion in financing to 150,000 families, individuals and businesses. It helps drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. Through its credit union network, Self-Help serves over 150,000 people in California, Florida, Illinois, North Carolina, South Carolina, Virginia, and Wisconsin. The nonprofit Center for Community Self-Help is the umbrella organization for the Self-Help family of nonprofit organizations, which includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending.