Joanne Ruhland, vice president of government affairs, Wake Forest Baptist Medical Center (left) and Daniel Cramer, senior vice president of development, Wexford Science + Technology (right) accepted the "Preservation's Best of 2014" award from Michael Phillips, public policy manager, National Trust Community Investment Corporation (center).
N.C. – March 6, 2015 – Wake Forest Baptist Medical Center and
Wexford Science + Technology, a BioMed Realty company, have received one of
five national “Preservation’s Best of 2014” awards from the National Trust for Historic
Preservation, the National Trust Community Investment Corporation and
Wake Forest Baptist and Wexford received the award earlier
this week for the redevelopment of Building 90 in Wake Forest Innovation
Quarter. The recognition singles out exemplary rehabilitation of
historically significant buildings that utilized the federal historic tax
credit to revitalize cities and small towns across the country.
“We are honored to receive this national award and see it
as recognition of our commitment to public-private partnerships that advance
the economic development of the region,” said John D. McConnell, M.D., CEO, Wake
Forest Baptist Medical Center. “Wexford Science + Technology continues to be a
wonderful partner in our next redevelopment project, the new medical education
building already underway in Wake Forest Innovation Quarter.”
Building 90, a former R.J. Reynolds Tobacco manufacturing
facility, now houses the headquarters for Inmar, Inc., and 525@vine which is
home to the Medical Center’s Division of Public Health Sciences and Department
of Physician Assistant Studies as well as the Innovation Quarter YMCA of
Northwest North Carolina; Flywheel, a co-working space; Clinical Ink, a
provider of electronic data-capturing technology; and Forsyth Tech at
“Wexford is honored that this award recognizes the investment that we and our
partner Wake Forest Baptist Medical Center have made and continue to make in redeveloping
the community, enhancing the economic base of downtown Winston-Salem and creating
a strong future of medicine and innovation in biomedical science and
information technology here,” said Daniel Cramer, Wexford’s senior vice
president of development.
The three national preservation organizations praised Wake
Forest Baptist and Wexford for the positive impact the redevelopment project has
had on the economy of the Winston-Salem community.
"Building 90, and the other restored R.J. Reynolds
buildings in the Wake Forest Innovation Quarter, are not only transforming
biomedical science but also expanding the possibilities for reusing historic
buildings,” said Michael Phillips, public policy manager, National Trust
Community Investment Corporation. “These projects show how historic
preservation triggers additional development while at the same time preserving
important local heritage."
The $150 million project combined state historic tax
credits, federal historic tax credits, and new markets tax credits to finance
To read the full list
of winning projects including Building 90 visit: National
Trust for Historic Preservation.