Pictured above: A rendering of a developer’s plans for a mixed-use building at the old mill site on North Church Street in Mooresville – Picture courtesy of the Town of Mooresville
MOORESVILLE, NC (WSIC) – Developer MV2 Investments is one step closer to building an $18 million, mixed-use property at the site of the old Mooresville mill on North Church Street.
Mooresville Commissioners approved a conditional use permit Monday allowing the project to have a density of nearly forty units per acre. Town code allows sixteen units per acre before permission is needed. One individual who owns rental properties on Church Street spoke against the project due to concern people would park in front of her residences, according to Mooresville spokeswoman Kim Sellers.
The Mooresville Downtown Commission supported the project and staff recommended commissioners approve the request since the town’s land use plan calls for this type of development.
MV2 Investments Principle Vinny Giglio says the company sees opportunity for growth in the old downtown area. The new project will feature retail space on the first floor and apartments on the three floors above. According to Giglio, some of the materials from the old mill building will be incorporated into the new structure. MV2 Investments is also behind an apartment complex being built down the street which is geared toward families. Giglio says the new project will be aimed at millennials who may work in the downtown area.