Image from Google StreetView
Rachel Rafaelian bought the building, located across from the Monohasset Mill, in July for $530,000. Rafaelian is working with Eric Bright of PCIS to renovate the building for artist space. The pair plan to spend $600,000 on the project.
Rafaelian and Bright plan to create 25 spaces and rent them to artists at $5 to $6 a square foot, plus utilities. Plans also call for wood-making and glass blowing shops that people can rent by the hour or the day. And, if financing permits, they want to install a commercial-grade kitchen that beginning caterers and culinary students can use.
In the future, artist live/work space could be added to the project, the pair tell PBN they will need bank financing and a return of the state historic tax credit to make that happen.