North River Company bought the two northernmost Lockwood Mills buildings and plans to redevelop them with commercial and retail on the first two floors and apartments on upper floors.
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Lockwood housing plan in Waterville gets boost after council takes first vote on tax districts
As part of the housing plan, 65 units will be developed in the former Marden s Industrial building on Water Street in Waterville.
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WATERVILLE The City Council on Tuesday took first votes to approve changes to a pair of tax increment financing districts and related development plans for the Lockwood Mills housing project, which calls for developing 65 units in the former Marden’s Industrial building on Water Street.
The 7-0 vote followed a public hearing at which Dan Jacques and Mariah Monks represented North River Co., which owns the Lockwood complex. One more vote is needed on each of the TIF issues to finalize the changes.