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City approves $70 million agreement for Beaumont Mill redevelopment including 28 workforce units
Summary
Council approved a development agreement with Taft and Gibbs LLC for the former Beaumont Mill site to build 247 market-rate apartments and 28 units for households at or below 80% area median income; staff said the project will improve trail connectivity and generate rising local tax revenue over 15 years.
Spartanburg City Council voted Aug. 25 to enter a development agreement with Taft and Gibbs LLC to redevelop the former Beaumont Mill site into a mixed-use rental community that includes 247 market-rate apartments and 28 workforce units for households at or below 80% area median income. The agreement, as presented by City Manager Chris Storey, anticipates a $70,000,000 private investment.
The project includes a full amenity package — pool, fitness center and on-site services — and a design element that would enable a connection of the city’s trail network through the site, a long-standing municipal objective, Storey…
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