The Moosehead Furniture manufacturing facility closed in 2007. For more than 100 years, it had been the largest employer in the area. Instead of demolishing the building, the town partnered with a sustainable development firm to redevelop the 60,000 sf building into a net-zero, mixed-use building that will serve the needs of the community for another 100 years.
How will it improve our quality of life?
The renovated mill is located in the heart of Dover-Foxcroft, ME and will have a restaurant that overlooks the waterfalls, a cafe, farmers market and an inn. It will also have 22 residential apartments on the upper floors that will allow seniors to live in a walkable community, with a grocery story across the street.
Triple Bottom Line Benefits
The mill has a hydro power plant in the basement that will be upgraded with modern technology to produce 500kW of renewable electricity. The hydro, combined with solar panels on the roof will make the entire building Net-Zero, which means less CO2 will be added to the atmosphere.
Issues, Barriers and Opportunities?
Developing high performance green buildings in rural areas requires creative financing structures, patience, and a willingness to accept modest returns on investment. The developer that partnered with the Town to redevelop the building is a certified B-Corporation and measures their results across a triple bottom line. From a triple bottom line perspective, the development is a huge success.