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Renaissance on the River

Lowell, MA

Category Condominium, Adaptive Reuse
Size 153 Units, 225,000 Sq. Ft.
Architect The Architectural Team, Inc.
TDC $32.2 Million
Financing Citizens Bank, Lowell Development
Finance Corporation, Sponsor Equity
Completion 2006

Located on the Merrimack River and in the Lawrence Mills portion of Lowell National Historic Park, the Renaissance on the River project firmly established a residential community in a previously abandoned 19th century industrial mill complex.

The project totaled 153 for-sale residential units in two buildings. Units in the 'River' building were delivered in a loft style with concrete floors, exposed wooden beams, and floor plan layouts. The 'Mural' building units featured luxury finishes and conventional bedroom configurations.

EA Fish acquired the buildings through a Land Disposition Agreement with the Commonwealth of Massachusetts Department of Capital Asset Management (DCAM). Under the agreement, DCAM funded and coordinated construction of a $9 Million landscaped park for use by the public as well as residents of Renaissance on the River.

Development challenges included a City, State and Federal historic permitting process, coordination with the simultaneous park construction process, and controlling construction costs associated with unknown historic building conditions.

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