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UPDATE new Preston Springs owner

We now know the name of the new owner of the Preston Springs building in Cambridge.

The historic property was purchased by Paul de Haas who runs Haastown Holdings.

de Haas tells 570’s Jeff Allan Show there are no definite plans on what the building will be next.

However, he did mention three possibilities including a retirement home, reclamation of the springs including a boutique type hotel or spa. The third possible option is turning the property into lofts or condos.

AUDIO Paul de Haas

de Haas only spent 15 minutes looking inside the building before deciding to place an offer.

Some of Haastown’s other projects Waterscape Place in Cambridge, the Bridgeport Lofts in Waterloo and Kitchener’s Mansion Lofts.