The Alexander Company, which has been considering whether to buy the White Mill property along Memorial Drive, is proposing a $62.5 million commercial and residential redevelopment project there that would bring 300 construction jobs.

The proposed uses for the site would include 150 one-, two- and three-bedroom apartments (with up to 100 more in the future) on the upper three floors of the building, 110,000 square feet of commercial space on the first floor and 219 interior parking spaces on the lower level.

According to the agenda packet for the Danville Planning Commission’s Monday meeting, the Wisconsin-based company is seeking a special-use permit on behalf of 424 Memorial Drive LLC and the Danville Industrial Development Authority for a mixed-use development in the Tobacco Warehouse Commercial Zoning District.

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This article was originally published by the Danville Register & Bee.