Local Community Development Corporations

Thursday, March 1, 2012

$60-million Plant 64 Developers Seek Historic Landmark Designation

According to the Winston-Salem Journal and Triad Business Journal, Plant 64 is the oldest Reynolds Tobacco building still in existence.  Designation as a historic site would grant the developers significant tax-benefits but also burden them with some preservation responsibilities.  Seeking such status is encouraging however as it evidences movement on the part of the developers!  Mixed-use development is planned for the project which is located downtown at 500 E. Fifth Street and will feature 243 apartments and 10,000 sq ft. of retail space.

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