Claremont Sells Historic Four-Story Water Street Mill for Apartment Conversion

The City of Claremont announced the sale of the four-story brick mill at 17 Water Street to private developer 1852 MB Claremont LLC, with plans to convert the former state office building, part of the Monadnock Mill property, into residential apartments. The transaction moves a prominent downtown structure out of municipal hands and into private redevelopment.

The building at 17 Water Street is identified in the announcement as the former state office building and as part of the Monadnock Mill property. The four-story brick structure occupies a visible location on Water Street and has been a recognizable municipal asset under the city’s ownership prior to the sale announcement.

1852 MB Claremont LLC, named in the city’s notice as the purchaser, has stated plans to reconfigure the mill into residential apartment units. The announcement specifies conversion to apartments as the intended reuse but does not list a unit count, a construction timetable, or a purchase price for the property.

Claremont’s notice frames the sale as a step toward private-sector-led reuse of the Monadnock Mill property. City officials provided the announcement to make the buyer and the intended residential conversion public; beyond that public statement, details about financing, contractor selection, and a renovation schedule were not included in the materials released with the sale notice.

The change of ownership at 17 Water Street will move the property from its prior role housing state offices toward a residential function under 1852 MB Claremont LLC. The conversion will involve redevelopment of the four-story brick mill and will be subject to local permitting and review processes administered by Claremont’s municipal departments as the project proceeds.

For Claremont residents and stakeholders watching downtown redevelopment, the sale of the Monadnock Mill property marks a concrete shift: a historic municipal building identified as 17 Water Street now carries an explicit plan to become apartments under private ownership by 1852 MB Claremont LLC. The city’s announcement makes clear that the next phase will focus on design and rehabilitation work to carry out that residential conversion.