The four-acre site will be transformed into a mixed-use urban area with a medical office building, housing, restaurants and retail space. (Putnam Block photo)

BENNINGTON, Vt. (AP) A downtown Bennington, Vt., site marked for a major redevelopment initiative has been sold.

The Bennington Banner reports the Putnam Block project was purchased by the Bennington County Industrial Corp. for $2 million. Bennington Redevelopment Group LLC is expected to complete the project.

The four-acre site will be transformed into a mixed-use urban area with a medical office building, housing, restaurants and retail space.

Construction plans have been divided into two phases. The bidding process for the first phase of the project is expected to start this fall.

Grants from the Vermont Community Development Program along with state and federal programs have been secured for the redevelopment project.

For more information, visit timesargus.com.

Today's top stories

New Bridges Part of Iowa's $114M Madison Avenue Project

Eagle Bridge Co. Works On Final Leg of U.S. 35 Upgrade

Fay Preps Way for Pittsburgh International Airport Modernization Project

SAKAI Achieves Record Sales, Production

Takeuchi Recognizes Top Dealers at 2024 Dealer Summit

Muddy Water Dredging Christens Marlin Class Dredge

Indiana Officials Mark Start of 2024 Construction Season, Promote Safety

Leica Geosystems Launches its First Machine Smart Antenna — Leica iCON gps 120