Minor site plan review application withdrawn

GORHAM — In his first appearance before the Planning Board on March 17, Alexander Stanton, a Watertown-MA-based real estate investor, withdrew his application for a minor site plan review of a commercially-zoned apartment building at 1 Exchange Street and Rtes. 2 & 3. He plans to submit a full-blown site plan review when he has finished gathering all the information that’s required. 

Stanton and four other “silent” investors recently bought this three-floor apartment building that once housed 14 apartments. Now only six units can be rented to tenants, however, because of the lack of maintenance and reinvestment over the last two decades, Stanton explained Eight units are now vacant. He plans to set up 10 units as long-term rentals and four as short-term rentals.