CHARLOTTE — The second phase of a landmark development project in Gastonia appears to be at an advanced stage of planning.
City documents show that TriBridge Residential, which acquired the Loray Mill property last year, is proposing a second phase for the project with a minimum investment of $46 million. An economic development agreement for the project is on the agenda for the city’s intergovernmental relations and economic development committee meeting tonight, documents show.
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The project proposal calls for 196 new residential units at the mill redevelopment. That includes apartments at the mill building and 24 new-construction townhomes/cottages along South Vance Street, committee documents state. Creative office space is part of the proposal, too, as is the upfit of a portion of the property for a new leasing office and clubhouse.
A development summary states the second phase spans 161,760 square feet. The new construction area includes just over two acres, the summary states.
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