The 114-year-old Inman Mills, near Spartanburg, South Carolina will be converted into 159 apartments on four floors, with senior living space planned in the future. Opened by James A. Chapman in 1902, the 350,000-square-foot brick property was listed on the National Register of Historic Places last month. The first phase includes one-, two- and three-bedroom apartments, many with 14-foot ceilings, original woodwork and brickwork and 10-foot-tall windows. Amenities will include a swimming pool, exercise facility, on-site access to a countywide hiking and biking trail, and easy access to downtown Inman. Future phases include housing for the elderly.
SK Collaborative is providing National Green Building Standard certification which will qualify the project for HUD Mortgage Insurance Premium discounts. This incentive along with historic and textile tax credits make this historic rehabilitation project feasible.