LEE — The Eagle Mill Redevelopment LLC plans for a $60- to $80-million project that will include affordable housing, a riverfront office building, a boutique hotel, adapted mercantile space, restaurant spaces and more in the spaces of the town’s historic papermaking mill.
Current plans call for construction to begin in November 2019 and end by August 2021, according to developer Jeffrey Cohen. Plans for the hotel project a September 2021 start and September 2022 finish. But this will depend on site plan review, tax credits, financing, and similar steps with the town, state and financiers.
“We’re looking at lots of new jobs,” Cohen told the Lee Select Board at their Tuesday night meeting. “And if we do the hotel, that’s a lot of jobs. You could see more than 200 jobs come about permanently out of this development as well as the temporary jobs in construction and development.”
The project’s director of development, Leigh Davis, said they plan for the development to build upon the economic and cultural offerings Lee already has.
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