Is the historic Woolen Mills site an appropriate place for new housing, offices & retail?

Albemarle County and the city of Charlottesville have been exploring ways to make the Rivanna River corridor an attractive resource, economically and recreationally. A recent proposal would transform the historic Woolen Mills buildings into a mix of residential and commercial spaces.  (See recent articles – Woolen Mills: Preservation and Adaptation and Albemarle supervisors ponder jobs versus homes in Woolen Mills project)

What do you think, should the historic Woolen Mills area be developed for mixed-use purposes?