An application to erect new apartments could help to preserve a grade II listed hotel.
A historic mill building in the village of Glasshouses in Nidderdale has been acquired by Newby with the conversion specialist planning to redevelop the property as an apartment complex.
Glasshouses Mill will offer approximately 40 homes in the heart of the Yorkshire Dales.
The original clock tower is to be retained while Newby plans to make the most of the mill’s riverside setting.
Thought to be the site where glass was made for the great Fountains Abbey in 1387, Glasshouses Mill was officially documented as a corn mill from 1812. As corn production declined it converted to a flax mill with various extensions between 1836 and 1844 and employed more than 400 workers at its peak.
In 1899 the building was converted to hemp spinning and rope making and it is the local understanding that the mill made rope for the infamous RMS Titanic.
More recently it has been used for a variety of businesses before Newby secured a joint venture partnership with a Pateley Bridge resident who has owned the mill for 46 years.
Newby co-founder Nick Moody said: “This is an investment close to my heart. I grew up in the area and live just a few miles away and had often passed the mill with great aspirations to convert it.
“The site owner wanted to secure the future of the mill with a safe pair of hands and recognised that we have the credentials and local knowledge to preserve its future in the right way.”
Newby was set up in 2008 by the former directors of city living pioneer City Lofts.
In 2016 it completed the transformation of office space at Windsor Court in Harrogate into 27 luxury apartments and in 2015 it converted a former coaching Inn at 32 Devonshire Place in Harrogate into 12 apartments and a mews house overlooking The Stray.
Earlier this year, Newby announced the purchase of the former Nestle factory in York with plans to convert into 263 apartments with amenities.
Harrogate property agency Nicholls Tyreman will be marketing the Glasshouse Mills scheme.
James Tyreman said: “It is such a rarity to be involved in the redevelopment of an unspoilt stone built Yorkshire Mill of this nature, and to be able to market these exclusive homes with so many original features, and such beautiful surrounding countryside is exciting.”