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American Tobacco Historic District

American Tobacco Historic District

Type

Commercial/Office

Location

Durham, NC

Est. Project Cost

$23.6 million - Hill / $41.4 million Old Bull & Noell

Size

64,160 SF - Hill / 134,080 SF - Old Bull & Noell

Public Financing

New Markets Tax Credit, Historic Tax Credit

Sponsor

Struever Bros. Eccles & Rouse

Private Financing

Bank Financing

Closing Date

2007

Historic Redevelopment and Adaptive Re-use

Redevelopment of three historic buildings in the historic American Tobacco Campus into commercial, mixed-use, and office facilities. Tax Credit financing was used for acquisition, soft cost, and construction.

Estimated Economic and Social Impact

Over 200 jobs and 240 construction jobs.

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