Potential $39 Million Chatham Mill Redevelopment in Winston-Salem to Include Apartments

A Durham-based developer is planning to redevelop Chatham Mill in Winston-Salem as a commercial/residential mix:

A development group is asking the city of Winston-Salem for a loan to help convert the former Chatham Manufacturing Co. and Western Electric Co. complex downtown into a $39 million project with apartments and commercial space.

The development group, Chatham Mill Ventures LLC, which is led by Ken Reiter, a Durham developer who helped create a master plan for parts of the Piedmont Triad Research Park, is asking for a $750,000 loan. The project would include 170 apartment units on about 6 acres.