TEAM MEMBERS WHO WORKED ON THIS PROJECT:
- Brownfield Site
- Public/Private Partnership
Belmont Sayre led the financing for the redevelopment of a historic warehouse building in Raleigh’s Depost District for a sponsorship group consisting of the City of Ralegh,NC State University’s College of Design and the non-profit Contemporary Art Foundation. Our development team and financial partners secured overs a $3.5 million subsidy for the project-representing over 50% of the cost–through a combination of North Carolina Mill Rehabilitation,federal historic and New Markets tax credits. We also managed a complicated brownfields agreement and helped direct the site design,construction and redevelopment program for CAM’s new permanent home,which opened in April 2011.