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Innovation Quarter gets national recognition

Innovation Quarter gets national recognition

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Wake Forest Innovation Quarter was recognized Tuesday as among the nation’s best examples of historic rehabilitation projects for 2014 by the National Trust for Historic Preservation and the National Trust Community Investment Corp.

The groups said their awards “highlight exemplary” historic rehabilitation projects that utilized the federal historic tax credit to revitalize America’s cities and small towns. The project winners represent “outstanding examples of how the historic tax credit can drive economic development and community revitalization.”

The downtown Winston-Salem research park was recognized foremost for the $103 million Plant 90 renovation project that redeveloped three former R.J. Reynolds Tobacco Co. warehouses into a mixed-use facility of 473,900 square feet.

The campus includes the headquarters for Inmar Inc., as well as several office, retail and research laboratory space. The project used state and federal historic tax credits and new markets tax credits to help finance the devel-opment.


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