09/01/2026
We've begun construction on Beaumont Mill, a class A multifamily development located in Spartanburg, South Carolina. Taft Family Ventures is partnering with a local Spartanburg group in a Joint Venture for the development and ownership for the project.
Beaumont Mill is designed to tie in modern and industrial features of the historic mill with the adjacent renovated Spartanburg Regional Healthcare building, which was part of the original mill. The development will encompass 208,625 square feet of rentable space and feature 275 apartment homes, with a mix of one-, two-, and three-bedroom options. Under a Development Agreement with the City and County of Spartanburg, 10% of the units will be reserved for workforce housing.
“Capstone Building Corp. is excited to begin construction on Beaumont Mill and support Taft Family Ventures on this community-driven development,” states Blake Waddle, Project Director at Capstone Building Corp. “This project will bring high-quality housing opportunities to Spartanburg while creating meaningful connections to the surrounding neighborhood through its thoughtful design and amenities.”
Thank you, Upstate Business Journal, for sharing this announcement!
Check out the full story here: https://upstatebusinessjournal.com/business-news/51m-multifamily-development-under-construction-in-spartanburg/
Capstone Building Corp. proudly serves clients across the Southeast and beyond, specializing in multifamily, senior living, build-to-rent, mixed-use and other complex construction developments and projects. Our team is committed to delivering quality craftsmanship, efficient project ex*****on and long-term value on every project.