New life for burned out Hinesburg factory - WCAX.COM Local Vermont News, Weather and Sports-

New life for burned out Hinesburg factory

Hinesburg, Vermont - January 5, 2011

"It's a big area, big building to be sitting there not being used," Dick Thibault said.

Hinesburg residents, like Dick Thibault, want to see something done with the now vacant Saputo Cheese USA Factory.

Just over two years ago fire destroyed the building, leaving a hole in the heart of Hinesburg.

"It would be great to have something in there," Thibault said.

And soon there will be. The former factory was sold to Redstone, a property management company, for about $525,000-- half of the original asking price.

"We plan to redevelop it what that means is adding quite a bit of infrastructure and capital to the facility and bringing new businesses to the building," said Doug Nedde, a partner in Redstone.

"The longer a property sits on the market vacant it becomes a liability to the town, so we see it as a very positive outcome that Redstone has purchased it," said Andrea Morgante, a member of the Hinesburg select board.

And Redstone has big plans for the building and 15 acres here.

"On one part of the site we're considering doing a residential project front next to (Route) 116, we're planning a brew pub or restaurant, maybe even a health club, and main core of the building-- 80,000 square feet-- we're talking to quite a few food value firms," Nedde said.

"I think it's great," said Bridget Dorman of Hinesburg. "I love to see growth in Hinesburg. I live locally and we like to not travel such a great distance to get to the store. We're small business owners too, so we appreciate that."

Redstone hopes to have at least 12 retailers in the Saputo property and they already have one lined up to sign a lease.

"I can identify one of our tenants, Green Mountain Organic Creamery, which will be taking about 10,000 square feet," Nedde said.

"It's that production capacity that we think is really important in a village. We aren't just consumers, we're producers," Morgante said.

Redstone also told WCAX News another food value added company will negotiate a lease this week.

"We hope to start permitting to new tenants next month in the town of Hinesburg," Nedde said.

With plans to have businesses up and running by late spring or summer of this year. Redstone hopes that construction on the property will potentially start in three months.

Gina Bullard - WCAX News

Related Stories:

What to Do with Saputo Building?

Saputo Exit Hurts Hinesburg's Bottom Line

What's Next for Burned-Out Saputo Plant?

Saputo Closing Shakes Hinesburg

Assessing the Damage from Saputo Fire

Massive Fire At Saputo Cheese Plant

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