After acquiring the E. W. Montgomery Cotton Warehouse building on Green Avenue three years ago, developer Nick Gilley has worked hard to get it placed on the National Register of Historic Places as well as lay out a plan to restore the building to its former glory.
Gilley, who is vice president of TRV Development and whose company built The Elements condos/townhomes in the North Main community, plans to convert the former textile building into 60 loft apartments called Elements West while “restoring and preserving the historical structure.”
Originally built between 1927 and 1933, the cotton warehouse supported the textile industry for the thriving cotton mills in the area. Huge north-facing skylights illuminate what will be the common room, which was where the cotton was “graded.” The common area “will be the best room in the building,” said Gilley.
The Elements was the first Earthcraft and Energy Star-certified townhome neighborhood in Greenville, and Gilley said he plans to build the Elements West apartments in the same environmentally friendly way. The apartment community will be constructed to LEED specifications and will include solar panels for hot-water heating and common-area power.
“As a green builder, I chose this building for its locations and its potential,” said Gilley.
Apartments at Elements West will be one- to three-bedroom units and range from 750 to 1,500 square feet. Rental rates will be $800 to $1,350 per month, said Gilley. Features such as exposed wood beams, stained concrete floors and countertops will add to the character.
Other amenities planned are a theater/lounge area, exercise facilities and swimming pool. There will also be a community garden and a 1/4–mile walking trail for residents.
Construction is expected to begin in two weeks and apartments will be available in summer 2015.
“The space itself is in a fantastic location in a neighborhood that is revitalizing itself,” said Gilley. “I think a project of this nature will really change the dynamic of this community.”
Developer: TRV Development Inc.
Project architect: Atelier Architecture
Project CPA, financial and budgeting advisor: Carol L. King & Associates PA
Historic consultant/SHPO liaison: Stephanie Ferrell
Historic tax credit syndication/legal: Donald S. Holm