Davidson River Village is approximately 540 acres of property located near Brevard, NC. The property known as the Ecusta Paper Mill was formerly a flax paper mill and cellophane plant servicing the tobacco industry. There is approximately 1.5 million square feet of factory and warehouse space and three landfills that were used to store the manufacturing wastes. Renova acquired the property in the beginning of 2008 with the backing of a financial institution and has assumed responsibility for the remediation of the property and obtained an Environmental Liability Policy and a Remediation Stop Loss Policy.
Even before purchasing the property, Renova worked closely with the United States Environmental Protection Agency, North Carolina Department of Environment and Natural Resources and the former Ecusta owners, as well as officials at all levels to ensure that a full and thorough clean-up takes place. Renova will manage the remediation, oversee the development plan, and partner with key vertical developers to fully redevelop the property. The Company will also work closely with the neighborhood community and local governing bodies to ensure a vibrant community center is created that acknowledges the history of the site while building a significant gateway to the Pisgah National Forest. The property will include retail, residential, and hospitality development as well as open public space.
Renova maintains an office at Davidson River Village. If you need to contact the local office, please contact:
Bernard M. Kelly
Business Manager, NC