Sanford officials are hoping to see an economic revival for Maine’s seventh largest city through a string of investments they’ve made recently.

According to the Portland Press herald, investments in renovations, downtown activities, business attraction improvements and educational upgrades are all part of an effort to bring the economy back to what it once was. One of those investments includes a $50 million project to renovate the former Goodall Worsted Co Mill into a mixed-income apartment building.

The project, once complete, will provide 90 apartment spaces as well as room for a commercial space on the ground floor.

The project has received funding from MaineHousing and the federal Rebuilding American Infrastructure with Sustainability and Equity program.

City Manager Steven Buck confirmed 330 new commercially developed apartment spaces are in the works to become available between 2023-2024 with an additional 84 spaces awaiting permits.