Annenberg Investments, in partnership with Farpoint Development and Baum Revision, purchased a 343,686 square foot former textile mill on approximately 19.2 acres in Easley, South Carolina. Built in 1924 by Alice Manufacturing, the property is located in Pickens County, nearly equidistant from Downtown Greenville (16 miles) and Clemson University (20 miles). The property’s historical significant and architecture pose a unique opportunity to transform the industrial asset into a mixed-use redevelopment consisting of 180 apartment units and 18,000 square feet of commercial space.
Alys Mill Lofts sits directly in an Opportunity Zone with readily available tax incentives. All aspects combined make the property an attractive redevelopment opportunity. Construction is set to commence Q3 2024.