The Project

Overview

From Brownfield to Bright Future

The former Fellows Gear Shaper campus sat largely vacant for years. Environmental assessments identified PCB contamination in building materials — a legacy of the property's industrial past. 100 River Street Venture, LLC acquired the property and is systematically remediating, renovating, and activating every square foot.

The Vermont Department of Environmental Conservation has approved a Corrective Action Plan (CAP). The remediation strategy is encapsulation — a proven, cost-effective approach that includes concrete capping with vapor barriers, epoxy wall coatings, vault abandonment, well decommissioning, and ongoing monitoring.

Development Roadmap

Phased Development Strategy

Current Phase

Phase 1 — Environmental Remediation

Complete the Corrective Action Plan across all designated rooms. Encapsulation of PCB-impacted materials across two floors. Concrete capping, epoxy coatings, vault abandonment, well decommissioning, elevator remediation.

In Progress

Phase 2 — Tenant Buildout & Activation

As each area completes remediation, begin tenant-specific buildouts. Priority: self-storage facility, restaurant and event space with outdoor riverfront dining, manufacturing tenant spaces, retail storefronts. Goal: activate every square foot with revenue-generating uses.

Upcoming

Phase 3 — Brewery & Auxiliary Buildings

Development of the former cafeteria building into a brewery with additional green space, community gathering areas, and outdoor seating along the Black River. Evaluate boiler house and 1898 House for complementary commercial uses.

By the Numbers

Project at a Glance

💰

1900

Year the Campus Was Built

🏢

255,000 SF

Total Building Area

📈

10+

Leasable Spaces

🔑

150,000+ SF

Space Being Unlocked

Environmental Stewardship

Responsible Remediation

The property's location along the Black River makes environmental stewardship critical. The encapsulation approach ensures long-term containment with ongoing Operations & Maintenance monitoring. The EPA TSCA has reviewed and is finalizing approval of the partial CAP amendment.

Key remediation activities include:

Concrete caps with vapor barriers over contaminated surfaces
Two coats of epoxy paint over impacted walls and columns
Underground vault abandonment
Supply well decommissioning
Freight elevator fluid draining and sealing
PCB waste drum removal and proper disposal
Confirmation wipe sampling