Synopsis:

The outlook appears promising for the redevelopment of the former Gilbert & Bennett wire mill now that a new redeveloper has agreed to purchase the site. Georgetown Green plans to close on the purchase from Georgetown Land Development Company in June 2010. Callen Cooper, CEO of Georgetown Green, sees the G&B mill as the perfect combination for transit-oriented development, green and clean technology, and affordable and senior housing. The 2004 master plan for the site, born out of a collaboration between the town, neighboring towns, state and federal officials, will continue to be honored under the new owners. The plan calls for adapting the 55-acre site for housing, office, retail, performing arts space, offices for the Weir Farm Historic Site, as well as a new railroad station. Housing will include single-family homes, townhouses, condominiums, affordable and senior housing. While adaptive reuse will be a focal point of the project, it will be used only where feasible.

More details about the project are available here.