Milum Textile building sold after years of debate over historic preservation

Article originally posted on Phoenix Business Journal on October 3, 2025

An abandoned warehouse still bearing signage for Milum Textile Services on 7th Avenue in downtown Phoenix finally found a buyer.

Chicago-based investor JRG Capital Partners bought the property, which sits on 1.76 acres and includes multiple buildings, for $8.5 million on Sept. 17 from longtime owner Craig Milum.

Milum tried to sell the building for years but was caught in a fight with the city over the historic value of the building and whether it could be demolished. The city considered it architecturally significant for its Streamline Moderne-style design and use of multiple lamella roofs.

Early last year the city’s Historic Preservation Commission voted unanimously to uphold a previous decision against demolition of the entire property, but later in the year, City Council reversed that by rejecting a historic overlay on the site.

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