Winston-Salem

This 473,900 square foot second phase of the Wake Forest Innovation Quarter project has extended Wexford’s vision of rehabilitating this once vacant industrial district into a sustainable, mixed-use, knowledge-based community which residents of Winston-Salem and the Triad area will be able to work, live and play for many years to come. The project’s tenants include the new home for the Wake Forest School of Public Health as well as the new headquarters for Inmar, Inc. This project created 600 new permanent jobs and had a $170 million construction budget. In September of 2014, Novogradac and Company awarded Wake Forest 90’s Buildings with the Major Community Impact award at its annual Historic Tax Credit Conference. PROJECT DETAILS LOCATION Winston-Salem, NC FEDERAL HISTORIC TAX CREDIT $23.2 million STATE HISTORIC REHABILITATION TAX CREDIT $34.8 million

This is the featured project of the Foss N.C. Mill Credit 2011 Fund I. The $105 million renovation and conversion of two former R.J. Reynolds Tobacco warehouses located in Winston-Salem, NC is the first phase of a multiphase development of the newly created Wake Forest Innovation Quarter. The buildings were converted by Baltimore based developer Wexford Science and Technology, LLC into 184,000 square feet of state of the art biotechnology space for Wake Forest University Health Sciences, as well as 40,000 square feet of commercial and retail space. It is one of the largest economic development projects to take place in Winston-Salem during the past 20 years. This project brought over 400 permanent jobs to the community. PROJECT DETAILS LOCATION Winston-Salem, NC DEVELOPER Wexford Science and Technology, LLC