Elliott Sidewalk Communities on the move with construction at Intersect East;
First building names announced: The Prizery; The Stemmery; The Hammock Factory
GREENVILLE, NC (October 5, 2021) -- Developers of Intersect East, a public-private partnership between East Carolina University and Elliott Sidewalk Communities, today announced the kick-off of the first phase of the project. Intersect East will foster a dynamic relationship between research, business, academia, and downtown living.
The first phase will convert three historic buildings and warehouse space within the existing downtown 19 acres located near the southwest corner of Tenth Street and Evans Street into attractive, unique office space. Work focused on the renovation is now under way.
"We have been busy working with the university and the city to finalize all the planning to get to this stage today," said Timothy S. Elliott, Elliott Sidewalk Communities' managing partner and chief visioneering officer. "We are currently in final stages of Historic architectural review with the state and federal government and once we gain approvals from the City of Greenville we will be pleased to announce that we can begin construction."
Elliott said the $40 million, historic three-building renovation project will lead to high paying jobs in Greenville and immediately transition the three properties from non tax-paying status to $500,000 annually in new tax revenue. Completion of the full 19-acre, 12-building, $310 million project investment will take 8-10 years and generate more than $3 million in tax revenues.
“Intersect East is a place where business and science will merge and a place where innovation will flourish,” Elliott said. “It’s a place where university and business intelligence will intersect, and the possibilities are endless.”
Phase 1, which is now leasing office and research space, includes the following, each with unique outside dining options and green space:
• The Prizery, a one-story building built in 1914 with 72,000 square feet of Class A office/mixed-use space.
• The Stemmery, built in 1915 and offering two floors of Class A mixed-use and office space that totals 32,000 square feet.
• The Hammock Factory is a one-story building that includes 12,000 square feet of premium office space. The building dates to 1905.
A section where the railroad once ran through the property is slated for use as a hiking and biking trail, while a boardwalk and a park area will provide additional open space for business workers, residents, researchers, and students.
"Intersect East will offer much more than what you typically see at innovation campuses in North Carolina and along the East Coast,” said Elliott. “While those are more isolated and all about work, we have so much more in Greenville and can offer a space with greenery, food establishments and entertainment and apartments – just steps away.
“With our academic partners and the city, we are creating a vibrant addition to Uptown Greenville," he said.
Looking ahead to Phase 2, Station East will be available to pre-lease in January 2022. This four-building industrial property space is a combined 103,000 square feet located at 1104 Clark Street. The site bridges ECU and the bustling Dickinson Avenue Arts District with potential access to an adjacent CSX Railroad line.
Under an agreement with ECU, Elliott Sidewalk Communities will control the 19-acre property through a land lease for 99 years.
About East Carolina University
East Carolina University (ECU) offers more than 87 bachelor’s, 68 master’s and 13 research doctoral degrees to nearly 29,000 students on its Greenville, North Carolina, campus and through an acclaimed online learning program. ECU is the only institution in the UNC System with a dental school, College of Engineering and medical school. The Brody School of Medicine is recognized nationally for producing primary care physicians. ECU also boasts the largest business school enrollment and largest number of new nurses and education professionals produced by a four-year North Carolina university, in addition to the largest studio art program in the state. ECU has a globally recognized academic underwater archaeology program and enjoys a supportive relationship with the U.S. military services. Located near Atlantic coast harbors where pirates once roamed, ECU adopted the “Pirates” mascot in 1934 for its athletics program and competes in NCAA Division 1.
About Elliott Sidewalk Communities
We build downtown joy by aligning the interests of municipalities and their university neighbors, creating vibrant Main Street environments that integrate campus life with town life. We transform underused or vacant parcels into a thriving, walkable downtown destination. It attracts students and residents alike with unique retail, cultural and hospitality amenities. It creates energy, economic growth, and a renewed sense of community. It's a joy to behold. For more information visit www.elliottsidewalk.com and https://www.intersecteast.com/
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