In Sanford, a total of 270 apartments were added over the past five years and another 450 apartments and condo are under construction or in the permitting stage.
The 68,000-square-foot Jagger Mill in Sanford's Springvale section has been sold to Eric Chinburg, who will begin refurbishing the building into market-rate apartments this winter.
The buyer views the mill as an adaptively reuse opportunity for about 90 apartments while also preserving the building’s architectural and industrial character.
The massive project calls for the creation of 377 rental apartments, 20,000 square feet of offices, 20,000 square feet of space for light industry and 5,000 square feet of restaurant space.
With an emphasis on U.S.-made, Chris Lobley started in his parents’ garage, grew to the Hill Mill, tapped into the B2B market and produces tens of thousands of hats and beanies.
The Picker House is a 79,000-square-foot building built in the center of the Continental Mill complex, to be developed by Szanton Co. Rents for the workforce units will range from $700 to $1,100, while market-rate units will be $1,050 to $1,450.
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