**Lansing Melbourne Group Secures $6.5M C-PACE Loan for Historic Gastonia Mill Conversion**
Lansing Melbourne Group has secured a $6.5 million Commercial Property Assessed Clean Energy (C-PACE) loan from Nuveen for the Trenton Mill Lofts, a newly developed apartment community located in Gastonia, North Carolina. The loan supports the recapitalization of energy efficiency upgrades and other soft costs associated with the property’s adaptive reuse.
Originally built in 1897, the Trenton Cotton Mill is Gastonia’s oldest standing textile mill. Having stood vacant for decades, the historic structure was transformed in 2022 into the Trenton Mill Lofts — an 85-unit upscale residential community that now features a mix of apartment and loft-style homes. Amenities at the property include a fitness studio, resident lounge, hammock park, and firepit area.
The revitalized community is located within Gastonia’s Franklin Urban Sports & Entertainment (FUSE) district, a 16-acre economic development initiative aimed at attracting investment and spurring revitalization in the area. FUSE is part of a broader effort to position Gastonia — a satellite city of Charlotte — as a destination for new development and urban reinvention.
The C-PACE financing arranged by Nuveen highlights the ongoing commitment to sustainable development and historic preservation in emerging urban cores.
