Published Nov. 26, 2012
Reliance Housing Foundation said it plans to invest $55 million in west Greenville to renovate, preserve and develop the abandoned Woodside Mill and surrounding historic village.
Plans include transforming the mill into a residential community with 300 mixed-income apartments and repurposing more than 45,000 square feet for commercial space for artist studios, galleries and related uses.
“Woodside Cotton Mill and the Woodside Historic District have industrial and architectural significance as an early 20th century urban South Carolina textile mill,” said Robert O. Jackson, CEO of Reliance Housing Foundation, in a news release. “We want to preserve the integrity of that legacy with an investment that serves to revitalize the Woodside community.”
N.C. developer Josh Parker planned a similar renovation of the old cotton mill two years ago, but that project never materialized.
Reliance Housing Foundation proposes a four-phase plan to redevelop the entire 14-acre site located in the West End at the intersection of Woodside Avenue and Main Street. The development plan includes on-site amenities, such as a cyber cafe, dog park, fitness center, playground, pond, walking trail and parking facilities.
Reliance is a nonprofit based in Asheville that builds affordable housing.
“Our mission at Reliance Housing Foundation is to develop sustainable and diverse communities by building high-quality, affordable housing, revitalizing neighborhoods and responding to community needs,” Kevin Drexel, senior development manager for the company, said in a news release. “We hope that this will be a catalyst for reinvestment in the entire mill neighborhood.”
Funding for the project includes private investment and a series of tax incentives, including low-income housing tax credits, tax-exempt bonds, federal and state historic tax credits, and state tax credits for revitalizing former textile mills.