WinnCompanies broke ground on its first-ever adaptive reuse project in Bessemer City North Carolina, starting construction on a $35 million project that will create 139 affordable apartments in a long-vacant, historic textile mill.
Led by the WinnDevelopment Vice President Aimee McHale and Senior Project Director Laura Manville, the historic adaptive reuse of the mill will preserve the building's iconic exterior while creating 12 three-bedroom apartments, 77 two-bedroom units and 50 one-bedroom units for households earning 60 percent of the Area Median Income.
Financing for the project is supported by tax-exempt bonds from the North Carolina Housing Finance Agency (NCHFA) and issued by the Gastonia Housing Authority.
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