"Focus: Building & Real Estate" piece on the redevelopment of the former Hathawa

Douglas Rooks

Source

Mainebiz

Date

2-11-2008

Pages

36-38

Abstract

"Focus: Building & Real Estate" piece on the redevelopment of the former Hathaway Shirt Co. in Waterville, which shut down in 2002 after more than a century and a half in business. Its new incarnation, the $56 million Hathaway Creative Center, is the work of Paul Boghossian, a Rhode Island developer specializing in old mills. Tom Niemann, a North Carolina venture capitalist who is also redeveloping the historic Kennebec arsenal in Augusta, is a partner on the project. The center will house offices, apartments, restaurants, radio stations, and more. Boghossian, a Colby College graduate, landed MaineGeneral as an anchor tenant, taking up 40,000 sq. ft. of space. The Hathaway project was aided by a state tax credit that will refund $1.5 million annually to developers for up to six years. The project is also benefiting from federal "new market" tax credits.

Subjects

Real estate development, Buildings Repair and reconstruction, Hathaway, C F Co

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