Description

"The Greenwood Mill Village proudly echoes the sentiment of 'Honoring the Past... Building the Future.' Nestled on 3.5 acres in a prime redevelopment area boasting 750 feet of road frontage, the Greenwood Mill Community Center beckons with its rich history and promising future. Designed in 1910 by the esteemed James C. Hemphill, renowned for his innovative cast-in-place concrete homes, this Colonial Revival gem stands as a testament to enduring craftsmanship, boasting a sturdy granite foundation and a timeless brick exterior. Though once overlooked and slated for demolition, the vigilant efforts of a local preservationist have rescued and preserved this architectural landmark. Recent structural repairs and a new roof, completed in 2022, ensure its continued presence for generations to come. Spanning approximately 5000 square feet, the envisioned restoration transforms the space into a multi-family apartment complex, comprising two 2-bedroom/1-bathroom and two 1-bedroom/1-bathroom units. Situated within close proximity to Uptown, Cambridge Park, and Main Street, with the added allure of being across from the proposed Greenwood/Kitson Mill Site redevelopment, this property holds immense potential as a cornerstone of community revitalization. Moreover, its eligibility for registration on the National Register of Historic Places opens doors to various tax credits, including a 20% Federal Historic Tax Credit, 25% State Historic Tax Credit, and the Bailey Bill. Additional incentives such as the 25% Abandoned Building Credit and/or the 25% Textile Credit further enhance its appeal. Embrace this transformative opportunity to shape the future of our community. Join us in honoring our past while laying the foundation for a vibrant future."