Construction Begins on Mixed-Use Development

With signs of spring, the sound of progress has emerged in downtown Waterville as construction began on a mixed-use development at 150 Main Street. Jersey barriers were moved to the site on Monday and fences around the area were expected to go up on Wednesday as Landry/French, the construction company, prepped the area for work.

Colby College is building the development, to include community space, retail, and apartments for 200 college students, faculty, and staff, as part of a wider plan to catalyze development on both ends of Main Street. The development is slated for occupancy in summer 2018. But the neighborhood will be humming with new energy before then: 173 Main across the street, once an historic bank building, is getting finishing touches on renovation and will soon be the home of CGI’s Northeast hub. The international software-consulting firm has pledged to bring up to 200 jobs to Waterville, many of them housed at 173 Main.

“There will be cranes in downtown Waterville for the first time in decades,” said Brian Clark, Colby’s vice president of planning. “With these first construction projects, it becomes easier to imagine what downtown Waterville will look like in 16 short months when the mixed-use development opens.”

Curbstones and landscape features will be removed at 150 Main this week, and site planning, including utility coordination, will take place in the first two weeks of May, according to Paul Ureneck, the College’s commercial real estate director.

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