Local

Gastonia’s FUSE District builds momentum as city leaders OK agreement

By Charlotte Business Journal

FUSE Highline Partners is leading the Franklin Yards project at Gastonia's FUSE District. It calls for hundreds of apartments and another building with commercial space at the former Central Branch YMCA site, which has long been targeted for redevelopment by city leaders. (MELISSA KEY/CBJ)

By Charlotte Business Journal

GASTONIA, N.C. — Gastonia has approved development and incentives agreements for the next key piece of the city’s Franklin Urban Sports and Entertainment District.

ALSO READ: M/I Homes seeks approvals for large residential development in Gastonia

At its meeting on Tuesday, Gastonia City Council approved agreements with Highline Partners, which is developing a mixed-use project at the former Central Branch YMCA site at the FUSE District. The project, named Franklin Yards, is at 615 W. Franklin Blvd. and calls for hundreds of apartments, along with commercial space.

The development agreement states that the project will generate a minimum investment of $50 million. Highline Partners CEO Mark Miller spoke at the meeting and said the investment is currently projected at around $58 million or $59 million. City documents state the project calls for the development of about 220 market-rate apartments and between 5,000 and 7,000 square feet of commercial space.

Keep reading here.

VIDEO: Residents concerned about traffic at proposed Gastonia development

Residents concerned about traffic at proposed Gastonia development


©2022 Cox Media Group

0

Most Read