October 31, 2007
Waterville officials OK Hathaway sale
Waterville councilors voted unanimously Tuesday night to sell a former shirt factory to a pair of developers with plans for a multi-use redevelopment, the Central Maine Morning Sentinel reports.
Developer Paul Boghossian, of Rhode Island, and his partner, Thomas Niemann, of Durham, N.C., plan to invest a total of $56 million to turn the Hathaway shirt factory, along with two adjacent mills, into a multi-use center along the Kennebec River with commercial, retail and residential units, the paper said.
The developers are purchasing the former shirt factory from the town for $350,000, Michael Roy, Waterville's city manager, told Mainebiz this morning. The sale is expected to be made final next week.
Developer Paul Boghossian, of Rhode Island, and his partner, Thomas Niemann, of Durham, N.C., plan to invest a total of $56 million to turn the Hathaway shirt factory, along with two adjacent mills, into a multi-use center along the Kennebec River with commercial, retail and residential units, the paper said.
The developers are purchasing the former shirt factory from the town for $350,000, Michael Roy, Waterville's city manager, told Mainebiz this morning. The sale is expected to be made final next week.
Mainebiz web partners
Most Recent
Comments