A BOLD VISION FOR THE FUTURE
The Scrap Exchange is on the threshold of unprecedented growth. In 2016, with the help of community investment partners, The Scrap Exchange purchased the northern end of the Lakewood Shopping Center. The Reuse Arts District (RAD), a separate LLC, was established to manage and develop this property.
RAD is a multi-year initiative and the first phase requires all commercial spaces be leased and pre-leased by summer 2017. Once initial tenants are secured, the Scrap Exchange will begin phase two by launching a fundraising campaign to secure the financial support required to transform this an under-utilized shopping center into a national model for creative reuse and an inclusive neighborhood destination for creativity in Durham.
The Reuse Arts District (RAD) will be a multi-faceted cultural, environmental, historical, recreational, and community-based destination. With The Scrap Exchange at its core, RAD will transform 12.5 acres in Durham’s developing Lakewood neighborhood. Reuse arts programs (see chart below) will enliven a space that will offer amenities such as community gardens, a sculpture park, affordable housing, shipping container mall,
basketball court, skateboard park, and adventure playground.
GLOBAL GAME CHANGER
To maximize its global reuse impact, The Scrap Exchange is seeking to establish the National Center for Creative Reuse (NCCR). Once established, this new 501(c)(3) will:
- Drive philanthropy and funding for a national and global reuse revolution
- Be a one-stop-shop for research and data analysis related to reuse, culture, economic development, resource recovery best practices, job creation, arts education support, and programming
- Provide creative reuse center startup support services through consulting, education and training, and a future franchise model
- Expand creative reuse concepts in science, technology, engineering, art and math (STEAM) education
ECONOMIC IMPACT FOR THE COMMUNITY
The Reuse Arts District (RAD) has the potential to house and manage a variety of reuse arts programs and become a community anchor in the continuing revitalization of Durham’s Lakewood neighborhood.
Your donation today will empower us to realize this vision.
For more information about supporting RAD and the NCCR, contact Ann Rebeck,
Development Director, firstname.lastname@example.org or (919) 225-2362
Want to know about spaces available for lease?
Please contact Derek Magnum with Maverick Partners at (919) 682-0501.
In the news:
The Durham Voice:
Reduce, reuse, expand? The Scrap Exchange celebrates 25 years