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Contact:
Lisa Lilienthal
For Melaver, Inc.
404 255 1577
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MELAVER, INC., ANNOUNCES PURCHASE OF
ENTERPRISE MILL IN AUGUSTA, GA.
Savannah Real Estate Developer Attracted to Sustainably Designed Property
(Augusta, Ga.) Savannah-based sustainable real estate developer
Melaver, Inc., today announced the purchase of Enterprise Mill (The
Mill) in Augusta, Ga., a restoration & redevelopment project
located adjacent to the Augusta Canal near downtown Augusta. Citing the
sustainable attributes of the property and the strong leadership of
former owner Clay Boardman, CEO Martin Melaver said plans to further
‘green’ the development will be aided by the continuing involvement of
Boardman and his team at The Mill.
“Enterprise Mill is not only an important historic project, its
restoration and redevelopment are important for the future of Augusta’s
economy,” said Melaver. “We look forward to building on the
environmental success of The Mill, and to continuing The Mill’s
integration within the community and with community organizations. It
is a triple bottom line investment for our company.”
About Enterprise Mill
Enterprise Mill is a multi-use development consisting of professional
offices, residential loft apartments, and retail space. James L.
Coleman, an Augusta farmer, first developed the Enterprise Mill in 1848
as a flour milling operation. He built the mill with two overshot
waterwheels that drove burrstones, a sawmill in an adjacent wood frame
building, and various other machinery, for a cost of $40,000. Of those
original buildings, only the granite mill remains. The mill changed
hands over the years and was most recently owned by The Graniteville
Company-Enterprise Division, and was in operation until it officially
closed its doors on March 23, 1983.
Redevelopment at Enterprise Mill was spearheaded Clay Boardman and
his team. Sustainable aspects attractive to Melaver include the
generation of “green” power through water turbines operated by the
Augusta Canal Authority. “We also plan to further the principles of
green building at The Mill,” explains Melaver Director of Portfolio
Management Scott Doksansky. “There is a great infrastructure in place
for reducing power demand, water conservation, using green materials
for painting/cleaning/sealants, and recycling waste. Additionally, in
conjunction with Clay,we plan to finish the “Rock Mill” area of the
development.
About Melaver, Inc.
Melaver, Inc., is a third generation, sustainably-focused real estate
firm with holdings throughout the Southeast. Notable projects include
one of the first Silver LEED (Leadership in Energy and Environmental
Design) designations from the US Green Building Council for an historic
preservation project in Savannah (The Whitaker Building), as well as a
soon-to-be designated all retail LEED Core & Shell project
(Abercorn Common Shopping Center) in Savannah. Eighty-five percent of
Melaver’s staff are LEED accredited professionals, and the company is
committed to examining the environmental, financial and social aspects
of every project in which it is involved.
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