SHERMAN, Texas (KTEN) — The City of Sherman is welcoming the first major downtown residential project in quite some time.

Last year, as city leaders reviewed the comprehensive master plan, they heard from taxpayers about which buildings need improvements.

Sherman has offered a grant program to help property owners to restore historic structures, and recently the city approved $100,000 in grants to improve the 1918 Porterfield Candy Company Building in the 300 block of West Lamar Street and the 1953 Modern Building in the 200 block of North Travis Street.

As a result, there will be total of six new lofts: Two in the Porterfield Building and four in the Modern Building.

A rendering of a loft in the Modern Building in downtown Sherman.

"Residential piece has really been missing," said city spokesperson Matt Strauch. "It's just not something people want done, and part of the reason was it's not something the city has incentivized. So having a turnaround and having these projects now, we think, is going to be a great thing going forward."

Strauch added that city staffers hope these residential developments will be the start of a trend.

A rendering of lofts planned for the Porterfield Building in Sherman.