||American Tobacco Wins Redevelopment Award
AT’s Michael Goodmon (right) accepts the Best Redevelopment Project Award from NC Secretary of State Elaine Marshall.
The American Tobacco Historic District Company recently won another award for changing the landscape of downtown Durham. The renovated campus won the Best Redevelopment Project award in the 7th annual Triangle Commercial Real Estate Women (CREW) Champion Awards, the organization’s annual competition recognizing excellence in the commercial real estate industry in the Triangle.
NC Secretary of State Elaine Marshall helped with the awards presentation at a luncheon on Thursday, April 28, 2005, at the Marriott Crabtree in Raleigh. WRAL-TV Anchor Pam Saulsby emceed the event. Corporate American Tobacco Real Estate Associate Michael Goodmon accepted the award on behalf of American Tobacco.
Nine judges sifted through the almost 100 nominations, whittling them down to 16 awards presented in separate categories. To be eligible, the project must have been established by Dec 31, 2004, and involve commercial real estate or residential development projects in the Triangle area.
American Tobacco won the Best Redevelopment Project award for creating a thriving office center out of 14-acres of abandoned warehouses.
“For more than 15 years, the American Tobacco Co.’s manufacturing buildings sat empty,” reads the Triangle Business Journal feature about the CREW awards. “Hundreds of people were once employed there to churn out Lucky Strike cigarettes and other tobacco products for more than 85 years. The hodgepodge of brick buildings were a testament to Durham’s tobacco history, but they were also becoming an eyesore at the city’s gateway.”
The CREW awards cited CBC President & CEO Jim Goodmon for seeing potential in the site, convincing the city and county of Durham to contribute $43.5 million, and then putting his own funds to stripping the site of environmental hazards, and kicking-off the first phase of renovating the hulking warehouses into thriving properties.
NC Secretary of State Elaine Marshall helped with the awards presentation.
Triangle CREW was formally established in 1996 with 21 charter members. Now 135 members strong, representing 32 disciplines within the commercial real estate industry, Triangle CREW seeks to provide a communication network among women in the field of commercial real estate.
“This event today, which showcases area projects and the many people who made them happen is evidence of the impact of Triangle CREW on all facets of the industry,” said Marshall.
POSTED: May 6, 2005