The city of Danville has been awarded a $5 million grant by the Industrial Revitalization Fund to redevelop the White Mill. The grant was part of $24.7 million in funds awarded that were announced by Governor Glenn Youngkin on Tuesday.
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The city of Danville will redevelop the White Mill, a 20-acre property on the south bank of the Dan River, with a focus on redeveloping the 650,000-square-foot industrial building which once served as a textile mill. The two-phase project will transform the building into modern commercial space with interior parking and 150 new housing units. This first phase will generate over $34 million in capital investment and will create over 100 new jobs.
Another grant was awarded to the South Boston Industrial Development Authority for the redevelopment of the John Randolph Hotel. The hotel will be turned into a modern boutique hotel featuring 30 rooms, a first-class restaurant and a rooftop bar. The project anticipates the creation of 22 full-time and 20 part-time jobs.