Preservation NC agrees to sell Spray Cotton Mill to Pittsboro developer
Preservation North Carolina has announced the sale of Spray Cotton Mill to Pittsboro developer Faisal Khan.
The historic preservation nonprofit group that promotes and protects the buildings and landscapes across the state, announced the sale on Friday.
Terms of the transaction were not disclosed for the 5.6 acre property with an asking price of $195,000.
Khan, a managing member of Spray Cotton LLC, has experience renovating historic buildings in neighboring Virginia.
Two of those projects were in Roanoke, where according to the Roanoke Times, Khan turned a 58-year dilapidated YMCA building purchased in 2014, into The Locker Room Lofts – a live/work space complex that still features historic elements of the original YMCA.
Prior to that purchase, he also renovated the former Crystal Tower Building, which reopened in August of 2014 as the Ponce de Leon apartment complex.
(Rockingham Now, 10/27/17)