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The following article is excerpted from the most recent edition of the NITS e-gram

Cork Factory Garners Two Prestigious Awards
ULI 2009 Award of Excellence

The Cork Factory, a signature McCaffery Interests Inc mixed-use development in the Strip District has been named the winner of the “2009 Award of Excellence: The Americas” by the Urban Land Institute. This is an unprecedented third thime McCaffery Interests has been recognized by the Urban Land Institute for its leadership in setting new standards in thoughtful and creative land-use practices.

The ULI Award of Excellence is widely recognized as the land-use industry’smost prestigious recognition. The 2009 winners were chosen from a field of nearly 150 entries. Projects were evaluated on the basis of financial viability, the resourceful use of land, design, relevance to contemporary issues, and sensitivity to the community and environment.

McCaffery Interests formed a joint venture with local businessmen, Chuck Hammell and Ribert Beynon for the acquisitio and development of the former Armstrong Cork Co. factory in 2004. The building had been vacant for 31 years following the close of the factory and during that time five different development teams failed in their efforts to redevelop the project.

Historic Preservation Award

Closer to home, the Cork Factory was also selected to receive an award from the Historic Review Commission for its outstanding efforts toward sympathetic historic restoration and rehabilitation, The Historic Preservation Award Ceremony will be held on May 1 at noon in the City Council Chambers.