BOSTON–WinnCompanies announced that it has completed its first-ever adaptive reuse project in North Carolina, a $36 milliondevelopment that created 139 affordable apartments in a long-vacant, historic textile mill.
Local, county and state officials gathered in Bessemer City, N.C.,with WinnCompanies executives to celebrate the grand opening of the Lofts at Osage Mill, located only 30 minutes from Charlotte in the fast-growing region of western Gaston County where new rental housing for working families is needed to sustain economic growth.
“This iconic building created hundreds of jobs in Bessemer City at the start of the 20th century and no wit will deliver unique apartment homes for the working households driving the area’s modern economy,” said WinnCompanies CEO GilbertWinn. “We value our partnership with North Carolina’s housing and economic leaders on this important effort and are thrilled to be welcoming residents into their new homes today.”
The redevelopment of the 127-year-old mill preserved the building’s iconic exterior and historic features while creating 12 three-bedroom apartments, 77 two-bedroom units and 50 one-bedroomunits for households earning 60 percent of the Area Median Income.
