Boatbuilder French & Webb has sold its largest waterfront workshop to a local developer.

Paul Naron, owner of United Farmers Market of Maine, confirmed Tuesday that he has purchased the building, but said he hasn't solidified plans for it.

"We're working on some ideas that will be great for the town," he said. "It's happening. We're coming up with ideas."

The workshop, a former MBNA storage building, lies between Steamboat Landing Park and a private lot that Naron bought from Consumer Fuels in April 2017 and subsequently opened to the public, adding a shortcut between two sections of the city's Harbor Walk waterfront path.

Naron, who often has seemed at odds with the title of developer, declined to disclose the sale price for the one-acre property, which was most recently assessed by the city at $866,500.

"It's what it is," he said. "Price is irrelevant. I paid for it. It's going to be a good thing, hopefully."

French & Webb plans to remain in Belfast, continuing its lease of a workshop in a city-owned building overlooking Heritage Park, according to a statement about the sale released June 11. The company has operated on the Belfast Waterfront since 1996 and bought the workshop just sold to Naron in 2005 as part of an expansion at the time.

The company said its decision to scale back was based on taking on more specialized finished projects, including a custom teak jacuzzi for a mega-yacht in Germany and wheelhouse joinery for a 140-foot classic sailing yacht in San Diego, for which much of the work is being done or shipped abroad.