Developers are finding that hundred-year-old flour mills and textile factories are too tough to die. A nationwide trend to renovate and repurpose the buildings is spreading. About a year from today, an adaptive reuse project in a 400,000-square-foot mill in Charlotte will be ready to accept tenants.
Called The Thread, the developers, the Keith Corp., have already signed up a tenant for the site. Mayfair Hospitality will take up 16,771 feet of the project with its attraction that will include a restaurant, bowling, mini golf, and live shows.
The first phase of The Thread will include 170,000 square feet of office space and 30,000 square feet of ground-floor retail. The projected total investment for the first phase is nearly $55 million. The developers will deliver the first phase of The Thread in December.
For phase 2, the project will include loft apartments and retail and could entail an investment of $100 million.