A group of investors plans to renovate a former Danville textile research building into medical offices.
The $14.5 million project being undertaken by RDD LLC is expected to create at least 40 jobs.
The Danville Office of Economic Development said that, after renovation, the former Dan River Inc. Research Building will house Danville Orthopedic Clinic and its associated practices in addition to training facilities and medical practices operated by Danville Regional Medical Center.
The facility also will have commercial space on the street level and a restaurant in an adjoining building.
“We are thrilled to be able to restore the building where Dan River Mills began in 1882, and where it became an industry leader in textile research,” Dr. Mark Hermann, an orthopedic surgeon affiliated with the Danville Orthopedic Clinic and a principal member of RDD, said in statement. “Our goal is to provide our physicians and our patients with state-of –the-art facilities while at the same time making the building a pleasant place in which to work and receive medical care.”
The Industrial Development Authority of Danville participated in the project, purchasing the former Acrees Warehouse, which will be converted to a parking facility.
The Virginia Tobacco Commission provided $250,000 for the project. The Governor’s Industrial Revitalization Fund, through the Virginia Department of Community Development, approved $600,000 for the parking facility.
The City of Danville will provide grants totaling $400,000. That money will be transferred to RDD as benchmarks are met.
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