Threadmill Apartments is an attractive mixed-use, mixed income development that is providing much-needed high-quality multi-family housing in the Stonington-Westerly region of Connecticut with 46 market-rate and 12 affordable apartments.

The project comprises more than 124,000 square feet of space in one larger and two smaller brick buildings on a 2.39-acre site. The complex, built and operated by the William Clark Company in 1901 as a fabric manufacturing mill, is registered with the National Register of Historic Places, the U.S. Park Service and the Connecticut State Historic Preservation Office.

The exterior façade and floor structure of the existing building were retained and restored while the balance of the interior was gutted and fully renovated to accommodate modern and spacious units.

Total development cost was $24.6MM. Financing included CHAMP funding from the Connecticut Department of Housing and State Historic Tax Credits.