SOURCE: Gibson/Sotheby's Realty

June 18, 2012 11:30 ET

Fisherville Mill and Mill Villages Park to Be Showcased in Grafton

Real Estate Developers Needed for Project's Next Phase

GRAFTON, MA--(Marketwire - Jun 18, 2012) - State and local officials gathered here Thursday for the opening of Mill Villages Park, marking the latest chapter in a project that represents the combined vision and effort of local community leaders, government officials, and citizens interested in reclaiming and restoring one of Blackstone Valley's most beautiful areas.

The park is across the street from Fisherville Mill, a proposed mixed use residential-commercial development that encompasses 32 acres on the Blackstone River and the Blackstone River Canal. Historically significant, the site was originally an industrial mill complex which was destroyed by fire in 1881, rebuilt in 1891 and then destroyed by fire in 1999. Leveraging the state's Chapter 40R Smart Growth Initiative, Fisherville's owners worked with state and local officials and a variety of agencies including Mass. Fish and Wildlife, The Mass. Audubon Society, the National Park Service and the U.S. EPA to gain approval for a mixed use project consisting of 240 residential units and 60,000 square feet of commercial/retail space. In addition, the initiative would not have been possible without the support of the Mass. Department of Environmental Protection, Gov. Deval Patrick, Lt. Gov. Tim Murray, Rep. George Peterson and U.S. Congressman Richard Neal.

"The rebirth of this long-dormant site will breathe new life into the area," said State Senator Michael Moore. "In addition to the beautiful new park across the street, Fisherville Mill is ideally situated to bring economic development, community involvement and growth opportunities to a site that has stood undeveloped for too long. While we recognize the industrial history of the mill, it's time to move forward and realize its full potential."

Approximately 12 acres of the property will be used for buildings with the remaining 20 acres used for public parks and open spaces with extensive riverfront access. The parcel includes a historic hydroelectric generating structure, the historic Fisherville dam and its 200-foot waterfall as well as water rights to the 600-acre Fisherville Pond, nationally recognized as a premier migratory waterfowl bird banding area. In addition, the future Worcester to Providence Bikeway will pass adjacent to the site.

For both real estate developers and future residents, the site and project represent a unique confluence of historic and natural assets that combined will create a unique development for residential and commercial inhabitants. Developers interested in learning more about the property should contact Brian Back, Gibson/Sotheby's Realty, (brianb@gibsonsir.com), 857-362-1793 or 617-620-9700.