LEE — The Eagle Mill redevelopment project is rolling into the new year with steady progression.
Eagle Mill Redevelopment LLC has officially purchased the historic property and added a new partner to the mix as plans for the $60- to $70-million project become finalized.
The purchase of the 6.4-acre property in the downtown area went through on Dec. 27 according to Jeffrey Cohen—the lead developer on the project—at a price of $700,000. The sale comes five years after the initial agreement with the former owner, Eagle Mill Enterprises, which was managed by the James Quinn Estate.
The project has also found a contractor and part-owner in DEW Properties LLC—a real estate development and commercial construction company based in Williston, Vermont—and its construction arm, DEW Construction Corp.
With the purchase of the former paper mill site and a contractor in place, design plans can be essentially finalized, bringing construction that much closer.
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