Bryan Gentry is a staff writer at The News and Advance in Lynchburg.
LYNCHBURG: Two Richmond-area developers are working to pull one of Lynchburg’s oldest commercial buildings back from the brink of demolition.
Larry Cluff Jr. and David Dagenhart, along with Chris Chadick of Bethesda, Md., closed last month on the Piedmont Mills building, which bought wheat from local farmers for decades and milled it into flour.
The investors are moving forward with plans to stabilize the building, obtain financing and then renovate it.
“We’re doing this project no matter what,” Cluff said. “We just don’t know which financial institution we’re using.”
Cluff said he wants to build residential units in the building and perhaps some storefronts.
The building’s former owners, who had not been able to find financing to renovate it, said they were glad that Cluff became interested.
“The Piedmont Mill is probably the nicest historic building, in terms of detail and character, downtown,” said Hal Craddock, one of the investors who sold the property. “It’s just a very, very important piece of architecture downtown. It really needs to be saved.”