Spencer’s Mill
SPENCER'S MILL
Mt.Airy, NC
TEAM MEMBERS WHO WORKED ON THIS PROJECT:
Belmont Sayre
Aptus Management
GEL Engineering
PROJECT HIGHLIGHTS:
- Brownfield
- PPP Development
- Community Dev & Engagement
Belmont Sayre as owner and developer,and Aptus and GEL were key members of the historic rehabilitation and redevelopment of Spencer’s Mill in Mt.Airy,NC into 65 market rete multi-family apartments.The project is Brownfield site and was developed in coordination of Development Agreement with City of Mt. Airy,Department of Commerce and Golden Belt Foundation. The total project cost was approx.$12 million and was completed in 2020 and is 100% leased in less than 6 moths.
