Laserfiche WebLink
<br />Fact Sheet <br /> <br />for <br /> <br />Proposed Martinsville Novelty Development <br /> <br />Site: 900 Rives Road - Martinsville Novelty Mill <br /> <br />Current Owners: Fred and Lowanda Martin <br /> <br />Developer: The Landmark Group <br />406 E Fourth St <br />Winston-Salem, NC 27106 <br /> <br />Contact: Stephen Brock - 910.275.8118 <br /> <br />The Landmark Group helps communities down the path of smart growth, one project at a <br />time. Working with public and private interests, The Landmark Group develops plans, <br />most often with layered financing, for the construction, management and operational <br />success of housing, commercial and mixed-use projects designed to suit the local <br />character while meeting local needs. <br /> <br />Frequently these projects ignite community plans to revive dormant downtowns or <br />rundown neighborhoods; they range from the adaptive reuse of vacant "white elephant" <br />structures to new, in-fill construction. <br /> <br />With expertise in design, construction and property management The Landmark Group <br />is uniquely qualified to take projects from concept to completion. It has more than $425 <br />million worth of development completed or under way in the Carolinas, Florida, Georgia, <br />Maryland, Tennessee, Texas and Virginia. For more information on The Landmark <br />Group and past projects, see \,-\\--,~.l~\llll1larkdc\ c! Opl1lCl1l. bit. <br /> <br />Project Overview: Adaptive reuse of the main building (Martinsville Novelty <br />Corporation) for 50-60 units of workforce apartment housing, an important factor in <br />attracting new businesses to the adjacent industrial park. Preservation and design plans <br />for the property will be approved by V A State Historic Preservation Office and will <br />conform to the Secretary of Interior's standards for historic preservation. Upon <br />completion, The Landmark Property Management Company will manage the <br />development. <br /> <br />Eligible Residents <br />. Units will be affordable to families making up to 60% of Area Median Gross Income <br />(incomes are verified) <br />. All applicants must meet tenant selection (leasing) criteria for sound creditworthiness, <br />clean criminal background and satisfactory previous rental history <br />