Redevelopment Of Former Mill Complex Into Multi-Family Apartments

Pre-Development

 

Re-Developed Conditions

Owner
Perkins Place, LLC

Development Manager
Mira Development, LLC

Location
21-39 Perkins Street, Lowell, MA

Property Manager/Leasing Agent
HallKeen, Inc
(978) 275-9669
(www.loftsatperkinspark.com)

Project Overview
The redevelopment of the former Hub Hosiery and McQuade mill buildings, with a cumulative gross square area of approximately 210,000 SF, into a multi-family development consisting of 183 market rate apartment units. These two historic buildings were originally constructed in circa (1870-1909 era) and represent the last significant phase of the redevelopment of the former Lawrence Mills Complex. During the early part of the 20th century, the Lawrence Mills Complex consisted of over 1 million square feet and it was a significant part of Lowell's textile industry. Located in close proximity to the Tsongas Arena, the LaLacheur baseball park and UMass-Lowell's North Campus, the redevelopment of these historic structures is now playing an important role in the re-genesis of Lowell from a 20th century industrial center to a mixed-use, urban center.

Redevelopment Plan
80 - Two Bedroom Units; 103 - One Bedroom Units
Average Unit Size - 990 Square Feet
Located on the LRTA System

Project Architect
Ganek Architects

Project Engineer (HVAC/MEP)
AHA

Structural Engineer
Roome & Guarracino

Construction Management
Charter Environmental
Bowdoin Construction Company

Legal Counsel
Tarlow, Breed, Hart and Rodgers
Flood Law Offices
Sherin and Lodgen

Schedule
Primary Construction: Fall, 2007 - December, 2009
Leasing: August, 2009 - Present

Financing
RBS Citizens, NA
Lowell Development & Financial Corporation
State Historic Tax Credits ($6.4 MM) - Part III Received
Federal Historic Tax Credits - Part III Pending

Features
Beautiful River Views
Exposed Brick Walls
12-18 Foot Exposed Timber Ceilings
Oversized Windows
In-House Washer/Dryer
Ceramic Tile Bathrooms
Stainless Steel Appliance
High End Sound Damping

Amenties
Covered Parking
Park-like Setting
Fitness Center
WiFi Access in Lounge
24 Hr Maintenance
On-Site Storage