This rare mill redevelopment project represents an extraordinary opportunity for a multifamily developer seeking a high visibility project in a tight submarket..
Southeast Pickens demonstrates strong fundamentals, making it an ideal location for multifamily development. With limited new supply in the pipeline and no construction starts in the past 12 months, demand remains high, supported by consistent rent growth. The submarket’s average building age of 42 years and minimal loft inventory underscore the opportunity for modern redevelopment. Alys Mill qualifies for multiple tax credits, including 15 years of flat taxes through the Bailey Bill, and is also situated in an Opportunity Zone.
For the full details on this development opportunity, register for the Offering Memorandum at https://www.avisonyoung.us/properties/212-rice-road-easley-sale