Synopsis:

Construction is underway at the historic Craig & Wilson Building in Gastonia, North Carolina. Originally built as a livestock feed and carriage house, the building is being completely remodeled as 16 condominium units. Most recently used for a department store, the building is seeing new light as nearly 100 windows are being installed (replacing the current five windows). The four story building is planned to open by the end of the year and will also include retail on the first floor. The project is a partnership between the developer, McAllister Development, and the City of Gastonia. Due to its location downtown, the city had applied for and was awarded a $2.6 million grant through the federal Neighborhood Stabilization Program to bring the structure back to life. This grant means that the price of the condo units must be based on median income standards in the Charlotte region. This type of pricing will help to encourage new life in downtown Gastonia while at the same time new services through the retail storefronts.