Conestee Mill Revitalization
Conestee, South Carolina

Development:
144 Rental Apartments
21Homeownership Units
12,000 SF Commercial

Conestee houseThe Conestee Mill Revitalization is a good example of TCGD’s ability to leverage its relationships with local public housing authorities into additional development activities outside the initial on-site master planned community revitalization.

The Conestee Mill is an early cotton mill, built in 1820, on the banks of the Reedy River, just south of the City of Greenville. Adjacent to the mill is an historic dam, which retains the river and forms Conestee Lake, now largely silted in. Conestee Lake has been cleaned up by the Conestee Foundation and turned into a 450+ acre nature preserve. The Reedy River Greenway, a hiking/biking trail being developed along the Reedy River, will eventually run from Traveler’s Rest, a town north of the city, through downtown Greenville, through the nature preserve, and terminate at the Conestee Mill. The Conestee Foundation looked for a developer for the mill who would sensitively revitalize it in an environmentally friendly way that would complement the work being done to create the nature preserve. The Conestee Foundation contacted the Greenville Housing Authority, which brought TCG, its development partner, into the undertaking.

The Conestee Mill main building will be rehabilitated and converted into 72 units for senior residents. A 72 unit family complex will be developed on an adjacent parcel. On-site, the original company store building will be the site for a mixed-use development, incorporating commercial and residential uses. A site next door with a charming view of the dam’s spillway will be the home of a new construction building intended for a restaurant and 21 homeownership units will be built on the site, as well. Anticipated funding will be generated by historic tax credits, low income housing tax credits and South Carolina mill credits.

Conestee elevation

Development Team:
TCG Development Services, Master Developer
Greenville Housing Authority

Proposed Financing:
Sun America Affordable Housing Partners Inc;
SC State Housing Finance & Development Authority

US Department of Housing & Urban Development
Greenville Housing Authority
Federal Home Loan Bank

Architect/Engineer:
Martin Riley & Associates
Site Design

Contractor:
Creative Builders, Inc.