On The Trail

Warhaft Group, in partnership with Atlas Capital Group, originally secured the 240-acre EPA Superfund site along with approximately 20 contiguous former mill acres that had been sold off over time. Those additional acres are also in the brownfield program. After key environmental, entitlement, and incentive milestones — including the first Record of Decision supporting partial deletion from the National Priorities List, multi-county park designation, tax credits, and planned development status — 13th Floor Investments acquired controlling interest in the project in 2022.

Warhaft Group remains involved as a minority partner in Cone Mills Acquisition Group LLC, which owns the master site, and continues to consult for 13th Floor as owner’s representative. Venture on the Trail, the first vertical project now under construction on the site, is planned as a 222-unit garden-style apartment complex.