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Development Agreementpending

city_council_agenda_august_25_2025.pdf

Taft-Gibbs LLC to Redevelop Beaumont Mill Site

$70,000,000City of SpartanburgTAFTGIBBSAugust 25, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

City of Spartanburg authorizes a development agreement with Taft-Gibbs, LLC for a $70 million investment in redeveloping the former Beaumont Mill site. The project includes 275 apartment units and public infrastructure improvements, aiming to revitalize downtown and boost economic development.

Contract Details

Contract Amount

$70,000,000

Vendor

TAFTGIBBS

Agency

City of Spartanburg, SC

Contract Type

Development Agreement

Document Date

August 25, 2025

Contract Term

NA

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