Historic Hamilton mill $20M restoration would include 100 apartments, commercial space

Developer Bloomfield/Schon plans to invest $20 million to restore the 127-year-old Shuler & Benninghofen Woolen Mill in the Hamilton neighborhood of Lindenwald, the Journal-News reports. The project would include 100 “1+ bedroom apartments,” 10,000 or more square feet of commercial space and 50 indoor parking spaces, according to the article. Bloomfield/Schon “wants the city to buy the property for $650,000 and hold it” while the developer seeks incentives including state and national historic tax credits and Transformational Mixed Use Development Credits. City Manager Joshua Smith noted Lindenwald “is the most populous of the city’s 17 neighborhoods and has Hamilton’s third-largest business district,” and said, “[w]e believe it’s time to start putting some resources into Lindenwald.” For more, read the full article.

Economic Development, Financial Incentives, State Updates