The second phase of Self-Help's $100 million-plus mixed-use project is officially opening, bringing new businesses, more office space and apartments and new and existing restaurant and hospitality concepts to the redevelopment.
2005 Revolution Mill officially opened today as the second phase of Revolution Mill, the mixed-use development in northeast Greensboro by nonprofit community development organization Self-Help Ventures Fund. The redevelopment of the 145,000-square-foot, five-story building for the has been in the works since 2018 and includes retail, office, apartment and restaurant space, all in various stages of completion.
The $38 million project was financed partly 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, in addition to investment from Self-Help. The project, which Self-Help said "aims to bolster economic development" in the area, also has created an estimated 315 construction jobs and 323 new permanent jobs in the process, according to a release from Self-Help.
Nick Piornack, general manager of Revolution Mill, said the building was originally six floors but the second floor was taken out to provide higher ceilings and more space for the first-floor retailers. In addition, space was taken out of the center of the building to allow for an open atrium, that the upper floors look out onto.
The first-floor retailers include the second location of Restoration Medspa, who's original storefront is in Winston-Salem and the first location of Cure Waterless Nail Spa, which Piornack said have both been open for about eight months. Cure Waterless Nail Spa describes itself as "waterless" and "non-toxic" and offers a variety of nail polishes. Restoration Medspa offers treatments including cool sculpting, botox, hormone therapy and derma-planing. Another store, JS Brand Jewelry, will open this month.
Also on the first floor is co-working space The Grove, which offers "flexible office spaces." Piornack said the space has been open for about six months, and currently has four office spaces open.
The second through fifth floors of the building include office space, with companies including Cone Textiles and CT Wilson Construction already in their spaces, and Shamrock Investment and City Electric moving in soon.
In addition, there are two bars and a potential restaurant that will be opening in the future as part of the second phase of the project. Piornack said Revolution Mill is currently in negotiations for a future 6,000- square-foot Taqueria on the first floor by owners of multiple restaurants in the Triad, though this would be a new concept. He also said there is potential for the space adjacent to the future restaurant that could be used a cultural hub and host events such as comedy shows.
In addition, Piornack said construction will soon be starting on the future site of Incendiary Brewing Co., which will be opening at tap room in Revolution Mill, likely in October. With its first location in Innovation Quarter in Winston-Salem, Piornack said beer will continue to be brewed in Winston-Salem and transported to the Greensboro site. Part of the construction on the space will include installing garage doors into the space that will open out onto the patio and the docks area of Revolution Mill.
Another wine bar concept which will include regular piano concerts will be coming in about four months to an adjacent building, but still as part of the second phase of the project. Piornack said the idea is to be a hospitality concept that will include outdoor entertainment in the summer that patrons of all the bars and restaurant can enjoy, with food from restaurants being available to those at the establishments that will not serve food.
