GREENWICH, CONN. — A Greenwich mixed-use development, which is an adaptive reuse of an 1880s-era mill site, has been sold for $97.5 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie and Travis Langer represented the seller, The Mill Owners Co. LLC, which owned the asset for more than 40 years. The Mill is situated along the banks of the Byram River and was redeveloped in 2020 through 2021 by converting two office buildings — one dating back to 1881 and the other to 1981 — into apartments. Today, The Mill is comprised of 71 units and 28,653 square feet of retail across five buildings.
Originally the location of a cotton-processing mill, the current 1881 building was built as a felt-pressing facility, with felt production ending in 1979 when the property was acquired by the current seller and underwent conversion to office space. In 1981, the 59,755-square-foot office building was constructed across the Byram River opposite the 1881 mill building.