Huge, Modern Apartment Complex Coming to Waterville, Maine
Those dealing with the ongoing housing crisis in the state of Maine are getting some good news. Central Maine is going to be getting a new apartment complex.
According to an article in the KJ, construction on Head of Falls Village will start in early 2024.
The article goes on to explain that the complex will be located at intersection of Temple Street and Front Street in Waterville. The complex, which will encompass two buildings, will provide the community with 18 workforce units and 45 market-rate apartments.
In addition to the apartments, the buildings will have commercial space available. One of the buildings will have 15,000 square feet of office space. The other will have 6,600 square feet of retail space.
The total price tag for the complex is estimated to be somewhere between $30 million and $35 million. The article indicates that the project is being developed by Renewal Housing Associates LLC and Northland Enterprises Inc.
The article explains that a spokesperson for the project said that it will be done in phases. The first phase will be the demolition of the buildings on the lot and the cleanup of contaminated soil. The buildings currently on the site are the former homes of several businesses, including the Bob-In Restaurant and Creative Sounds. It is expected that the first phase will get underway in February or March.
As the developers are still working out the details of funding, there is no confirmed date for when construction will begin. According to a representative for the company, the hope is that work will begin on the first building by November or December of 2024. There is no word on when the units will be ready for habitation.