December 2014: On August 29, 2007, the North Adams Transcript described the Cable Mills project as "a state model for how the Community Preservation Act can work," writing, "With affordable housing, a publicaly-accessible walkway along the Green River and preservation of a historic mill building, the project has created a Community Preservation Act triple play."
This project involves the use of $1.5 million in CPA funds to construct 13 rental apartments that will be set aside for homebuyers at or below 80% of the areawide median income; create a publicly accessible riverwalk that will stretch the entire length of the nine-acre site along the Green River; and place historic preservation easements on the three original mill buildings to be revitalized, the last remaining remnants of Williamstown's industrial past. This phase of the project will cost $27 million, while future phases will add townhouses, duplexes, and potentially some commercial development.
In 2013, project directors solidified the mill's key zoning permits, construction began in 2014, and the complex is scheduled to open by the end of 2015. Read more about the project in a WIlliamstown news article here.