About Knox Mill
Affordable Luxury in the Heart of Camden
The Knox Mill Condominiums is a luxury development of 26 new condominiums ranging in size from 1,000 to 2,100 square feet. Units feature a full complement of amenities such as:
- Elevators and ramp accesible
- Premium maple flooring
- Stainless steel kitchen appliances
- Granite countertops
- Marble tile and whirlpool tub in the master bath
- Carpeted bedrooms
The development is an easy walk to Camden's harbor, downtown, and the town's numerous cultural attractions. It also features the new tapas restaurant and wine bar 40 Paper from reknowned Executive Chef Joshua Hixson.
Mill History - Camden's Economic Engine
The Knox Woolen Mill complex was built in stages, the first part of which was constructed in 1863 by Mr. Robert S. Davis. In 1887 the Mechanic Street addition was completed; in 1894 and 1904, the large wing on the Washington Street side was added, and in 1905 the new dye house was built. Additional buildings were constructed in subsequent years all the way up to about 1960.
In April 1988 the Knox Woolen Mill closed, moving the work to mills in South Carolina. The complex was purchased by Knox Mill Associates, who intended to convert the complex to an inn, retail stores and office space. Instead the property was sold to MBNA, the world's largest independent credit card issuer, and was converted into a MBNA call center. At the operation's peak around 600 people were employed.
MBNA left Camden in 2005, and the complex was sold to Maine Investment Properties, who intended to develop the Knox Mill Center into commercial space and 30 luxury condominiums. This project unfortunately stalled during the recent economic downturn, but has been revived by KELM Acquisitions and its developer, Waterfall Investments.
About the Owner and Developer
KELM Acquisitions (Property Owner)
KELM Acquisitions is a development company whose goal is to purchase and rehabilitate distressed, bank owned properties, turning them around into viable real estate.
Cathleen Moore, CEO
Cathleen brings many years of business and real estate development experience to the table:
- Purchased and renovated 20,000 square foot bank owned building in Fernandina Beach, FL. Build out was customized for manufacturing of custom trade show displays and fabric graphics.
- Purchased 16 acres of land and developed and built 14,000 square foot commercial building in Yulee, FL. The site could support a total of 120,000 square feet of warehouse/manufacturing space and was designed to allow for 3 phases of construction.
- Purchased 6 unit multi-family property in Magnolia, MA. Recently installed new heating systems to service individual apartments.
- Purchase of a 6-unit multi-family in Westford, MA in 2002. Began conversion from apartments to condominiums in 2007 but realized market conditions had shifted, so currently still a multi-family.
- Purchased 12,600 square foot commercial building in Harvard, MA. Tenant mix includes mostly private practice physicians so required build out that accommodated their specific needs.
- Purchased 7,200 square foot commercial building in Waltham, MA. Completed custom build outs for various professional and warehouse/light manufacturing tenants.
Cathleen is also a Partner in Waterfall Investments and maintains a real estate practice in Manchester, MA.
Waterfall Investments (Developer)
Waterfall Investments is acting as Developer for the Knox Mills project, overseeing build out and community relations.
Michael Nash, Partner
Michael is a veteran real estate broker and developer, with too many successful development projects to list. Some highlights:
- Developed 96 condominiums in 5 separate developments on Boston's North Shore. These units required special attention due to the buildings' historic nature.
- Oversaw renovation and sale of 131 condominiums at the Presidential Park development in Lowell, MA. All units were provided new kitchens and baths, along with a complete replacement of all common areas.
- Purchased 238 apartments in Maine's Midcoast region, converting 168 to condominiums and selling the remaining units in 2 separate transactions. Units were completely gutted and renovated, along with new roofs, electrical, HVAC, and numberous other improvements.
- In a number of deals, purchased 37 distressed condominiums in exclusive Boston metro locales. Worked with condominium associations, the FDIC, and other parties to resolve issues and effect repairs, concluding with full renovation and sale.
- Oversaw the development process and sale of 141 single family houses in Albuquerque, New Mexico.
- Purchased and developed or converted 19 townhouses and apartments in various Boston neighborhoods, promptly completing necessary renovations and sale.
- Purchased and developed Oquossoc Cove Townhouses, a 6 unit development on Rangeley Lake in Maine, overseeing day to day site work, managing subcontractors, and leading sales effort.