“Our vision is to breathe new life into this dormant site, transforming it into a hub of industrial, commercial and residential activity that will benefit the town of Canton and strengthen commerce in the area,” said Eric Spirtas, president and director of communications for Two Banks Development and Spirtas Worldwide. “We are committed to collaborating with local, regional and national experts to develop a master plan that reflects the best ideas and concepts for sustainable growth.”

The redevelopment plan aims to boost the local economy by revitalizing the 185-acre site into a mixed-use hub. Key initiatives include attracting manufacturing businesses, developing retail and office spaces, constructing housing and maintaining the site's wastewater treatment plant — a critical piece of infrastructure that has treated the town’s wastewater for decades. The treatment agreement was slated to end in March.

The mill, established in 1908, played a significant role in Canton’s identity before its closure in June 2023. Spirtas, who led the acquisition effort, said he’d be engaging with community and regional stakeholders to ensure the redevelopment aligns with local needs.

Plans include public forums and collaboration to honor the site's legacy while fostering sustainable growth.

This is a developing story. Check back for updates.