A second chance for the Loray?

A view of the Loray Mill in Gastonia on Monday June 25, 2012. Gastonia leaders announced Monday the acquisition of a Federal Housing Administration loan of almost $21 million to reconfigure the historic mill into loft apartments and retail space.

A few weeks ago a developer announced plans to redevelop two historic high rise buildings in downtown Gastonia into apartments. This week it was announced that another developer has secured a major piece of the funding necessary to start a project to redevelop the historic Loray Mill into apartments. 

For a lot of people in the area, myself included, this is great news. For all too long these structurally sound but very old, and in the case of the Loray Mill, historically significant structures have been abandoned for decades. 

There are still quite a few challenges ahead for the projects, but I'm just glad to see these buildings put back to good use.