2025 Annual Comprehensive Report

The greenways have also contributed to increases in adjacent commercial investment and real estate absorption, which the Greensboro Greenway is already experiencing.

North of the City’s downtown area, Phase 1 of an approximately $100 million redevelopment project on the historic 45-acre Revolution Mill campus was completed in 2019. Phase 2 was completed in September 2023. Notable as the first flannel textile mill in the South and registered on the National Register of Historic Places, Phase 1 of the mixed-use site includes 150 apartment units, 240,000 square feet of office space, four restaurants, 40 artist studios and open outdoor spaces for live music and movies. The $40 million, 130,000-square-foot Phase 2 includes 33 apartments, 60,000 square feet of office space and 10,000 square feet of retail and restaurant space. The extensive historic restoration project also connects the campus to downtown Greensboro via the City’s greenway trails. Another nearby historic mill, Proximity Printworks Mill , was purchased in 2018 and completed in 2023 as a mixed-use development on 18 acres of land just east of Revolution Mill. Proximity Printworks Mill, now on the National Register of Historic Places, originally served as the first textile printer in the South. A Wisconsin company specializing in urban redevelopment has used federal historic tax credits and invested an estimated $54 million to convert the mill into a mixed-use development with over 200 apartments, retail and restaurant spaces and a climate-controlled storage business. In February 2020, Publix Super Markets broke ground on the first phase of a new 1.8 million-square-foot distribution center in the City, making it the largest distribution center in the area. In October 2020, Publix announced a 1.2 million-square-foot dry goods expansion, increasing the total facility to 3.0 million-square-feet. By November 2022, the facility was open and fully operational. To secure the estimated $400 million investment, the NC State Economic Investment Committee approved a $15.9 million incentive package requiring a $300 million investment and 1,000 new jobs created by 2025. In addition, the County has committed to an estimated

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