The Rising Sun Mills are currently slated for redevelopment with Struever Brothers and the Armory Revival Company. Struever Bros. Eccles & Rouse, based in Baltimore, specializes in adapting historic property for contemporary use. The plans for the $56-million Rising Sun Mills project include 142 loft apartments at mid-market prices and 125,000 square feet of commercial office and retail space. This project is the first major upper income targeted housing development to brave the area. Many community groups are worried that developments of this source may raise property taxes for nearby residents, potentially forcing the neighborhood's low income residents out of affordable homes and jobs. In November the Providence City Council approved a $5 million real-estate tax break, which included conditions meant to encourage Struever Brothers to assist in the development of affordable housing in the Olneyville and Valley neighborhoods (in coordination with the nonprofit Olneyville Housing Corporation), provide jobs for "community hires," and assist local businesses with an emphasis on involving Minority Business Enterprises and Women Business Enterprises.