100% Employee Owned

Economic Redevelopment

We transform underused or vacant parcels into thriving, walkable downtown destinations.

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Tim Elliot

Tim Elliott

Service Leader

The Outfields | High Point, North Carolina

14 Acres / 5,000 Stadium Seats

Historically, marketing furniture in High Point, NC, was wildly successful, which prompted the construction of massive 13-million-square-foot furniture showrooms downtown. However, that enormous space was only used twice each year. Outside of showroom market events, there was no downtown living or working product to make High Point a 24/7/365 city.

Solution

We assembled a master vision of housing, office, dining, and retail in a strategic location. A 14-acre site was chosen for a new vibrant downtown High Point, which includes an approximately 5,000-seat baseball stadium, where people can connect and enjoy their life. Another seven acres of privately owned land was to be developed in the future.

Impact

We created a cultural working magnet: office buildings in the heart of the new downtown; a manicured urban pocket park perfect for time outside and out-of-the-box thinking; a food hall overlooking the stadium (a great place to work from your laptop). The new downtown is meticulously planned for workplace freedom – work in the office, near the office, or outside of the office, and love every minute of it. Today, The Outfields welcomes all of High Point with open arms to shop, dine, gather with friends, catch a game, enjoy a festival, and marvel at a nighttime fireworks display.

High Point has transformed from a vacant showroom to an “All-American City.”

Rowan Boulevard | Glassboro, New Jersey

26 Acres / 14 Buildings / $315M

The thriving 1950s main street of Glassboro, NJ, was decimated by the growing nearby big-box and retail boulevard. The town was empty for decades. Tim created a vision for a new linkage between Town Hall and Rowan University, featuring vibrant mixed-use development.

Solution

We constructed 14 buildings along a new link, mixing university functions, housing, immersive retail, a hotel, parking decks, and a new downtown park. The team worked with the city to create a festival schedule to bring people downtown and support local retail.

Impact

We purchased 92 properties and consolidated them into 26 acres of construction, with $315 million in construction costs for 14 buildings. The total property tax for all 26 acres before construction was $200,000. Following the implementation of our plan, the tax now stands at $6.4 million annually. The University’s enrollment skyrocketed from 8,500 students at the start of the project to 21,000 after completion.

Intersect East | Greenville, North Carolina

19 Acres / 10 Years / $300M

Greenville, NC, was once the epicenter for leaf tobacco farming and auctioning. Then tobacco took a nosedive, and the main economic driver for the city went with it. In the years that followed the exodus of tobacco, East Carolina University’s (ECU) teaching hospital grew to serve 12 surrounding counties, propelling it to become a preeminent teaching hospital in the region with 9,000 employees. The university itself also grew tremendously and now boasts over 30,000 faculty and students. Both the hospital and the university are conveniently located in downtown Greenville, and between them were 19 acres of vacant, dilapidated tobacco auction and industrial warehouses.

Solution

We redeveloped the vacant historic structures and adjacent property and elevated the entire concept to create a Pacesetter Innovation Hub – an Olympic training center for champion businesses that encourages research, commercial, and manufacturing industries to relocate research and development efforts to Intersect East. We completely rewired and connected two existing, powerful economic engines–the university and the innovation hub–to promote jobs, housing, and retail opportunities. The businesses that have taken up residence in Intersect East are also bolstering their future workforce with the best and brightest from ECU.

Our vision was to repurpose vacant rail lines into a hiking and biking trail with access points throughout this growing cultural district of restaurants and shops. We’re even remodeling an old train car and transforming it into a “food train” – not a food truck – a food train – for a full-service restaurant like no other.

Impact

Injecting $300 million into this 10-year project will have a ripple effect, generating a projected $635 million in revenue and over 3,000 additional jobs for the city and region.

University Center | Rock Hill, South Carolina

23 Acres / 3-5,000 Visitors Per Week

Rock Hill, SC, was home to a textile bleachery and a Celanese plant that manufactured cigarette filters. Those two industries combined supported 25% of the workforce, but when the cigarette industry declined and textiles moved overseas, the town was devastated.

Winthrop University was a thriving campus that neighbored an abandoned one-million-square-foot textile mill.

Solution

We created a vision for a “factory of living and learning.” The goal was to create a cultural learning machine that would make use of the historic buildings while weaving the historical structures together with new construction within the larger project vision.

Rock Hill was one of the pioneers of sports tourism and built an incredibly impressive outdoor tournament center for tennis, football, soccer, and baseball – including a $10 million BMX track – all to attract young kids and their parents for amateur sports competitions.

Their first year in operation, 30,000 people came to the city for the BMX Bike World Championship, and the tax revenues from hotel and related hospitality sales more than paid for the complex.

Tim built on this success and went a step further, proposing an indoor tournament center in the project. A feasibility study was soon underway, and it was estimated that 3,000-5,000 visitors per week would flock to Rock Hill.

Impact

Today, the 23-acre mixed-use site known as University Center is home to apartments, student housing, active adult living, commercial office space, a hotel, retail and restaurants, outdoor festival spaces, and, of course, an indoor athletic tournament complex.

The project, begun in 2015, was completed in 2024. Since it began, and with the opening of the indoor tournament center, city hospitality taxes grew from $23 million to over $60 million.

In 2025, the University Center project received the Gold Medal for Best in the World Public-Private Partnership (P3) Project from the International Economic Development Council. The award recognized the project for exemplary collaboration between the public and private sectors. The award highlights the project’s success as a carefully coordinated effort designed to breathe new life into a historically significant site and create lasting economic impact for the region.

Creating lasting economic prosperity is a marathon, not a sprint–we’ll save that for track meets at the stadium.