Standard Knitting Mill described as a high‑risk redevelopment opportunity
Staff said Standard Knitting Mill remains privately owned and faces structural, environmental and utility hurdles (including an unmarked KUB waterline) that make adaptive reuse costly; the city says it will continue to engage potential investors with new information.
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Presenters used Standard Knitting Mill as an example of a privately owned property that has been discussed for a long time but has not yet reached agreement due to cost and complexity. Staff described a pattern of changing ownership, missed financing alignments and a recently discovered unmarked KUB waterline running under the building that would require relocation and raise costs by "a couple million dollars."
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