The property at the former Pineland Lumber Company on Avon Street in Lewiston, along the Androscoggin River, was slated to become a large housing development but is now up for sale after those plans were scrapped. Russ Dillingham/Sun Journal
Plans for what was supposed to be a sprawling 244-unit apartment complex overlooking the Androscoggin River in Lewiston appear in jeopardy and the property is back on the market for sale.
The project at 10 Avon St., proposed by Massachusetts-based Saxon Partners, was approved by the city on the former Pineland Lumber Co. site, but the developer has been unable to secure financing for the $30 million to $35 million development.
The project was billed as market-rate studio and one-bedroom units geared toward medical workers at the nearby Central Maine Medical Center, as well as college professors and “single professionals.”
The project was originally slated for completion by 2022, but construction never got started.
The 6.8-acre parcel of land is now listed for sale for just under $4 million.
This story originally published in “Spring snowstorm prompts Lost Valley to reopen for 3 days” The Buzz offers quick hits about trending area business happenings. Have a Buzzable tip? Contact business writer Christopher Wheelock at 689-2817 or cwheelock@sunjournal.com
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