Nick Acheson
April 23, 2010
ORONO- The 3rd Iteration of a Draft option agreement with Deep Cove, LLC regarding the Webster Mill site took place at the Community Development Committee Meeting at the Orono Town Office on Wednesday afternoon. The draft option describes proposed 20 unit condominium housing at the location of the old Webster mill located on the corner of North Main Street and Penobscot Street.
The purpose of the meeting was to go over the change in concept design and to hear community guidance for the option. Architect David Lloyd, of Archetype, based out of Portland, ME was in attendance to answer any questions the Committee had on the draft option. Lloyd showed proposed plans and design of a contemporary building.
One of the greatest concerns from the Committee dealt with the design of a contemporary building over a historic design. “I’ve seen a lot of contemporary buildings and in 10 years they look awful, I just want to make sure that doesn’t happen here,” said one committee member.
Kevin Bunker, a Principal of Developers Collaborative, a Portland based real estate development company, was also in attendance to answer questions. Developers Collaborative, which owns the rights to the site, believes the best use for the site is residential.
The proposed 20 unit building would offer one bedroom units of approximately 900 square feet priced just under $200,000 and two and three bedroom units of approximately 1500 square feet that will be priced around $300,000. The prices will vary some depending on what the final decision is regarding salvaging the historic old mill or just starting new construction, but it seemed like there was consensus leaning towards new construction.
These prices are higher than average condominium prices in the greater Bangor area due to the fact that it is waterfront property and they are being marketed towards a specific higher income group (niche) in the market. Each unit comes with two parking spaces, one covered and one uncovered, and a deck that overlooks either the Penobscot or Stillwater rivers.
More deliberation is still necessary, but the committee must make a decision on this draft option by June 30th at the latest.
To see more information visit:
http://www.bangordailynews.com/detail/135051.html
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