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 |
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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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