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WinnCompanies to Develop $38M Workforce Housing Project in Lowell
Multifamily development and management company WinnCompanies has announced plans for a $38.3 million workforce housing development in the Hamilton Canal Innovation District, a collection of 17 master-planned parcels in downtown Lowell.
Located approximately 25 miles northwest of Boston, the project will include two five-story buildings comprising 125 apartments and 5,000 square feet of commercial space. The unit mix will consist of 15 studio units, 63 one-bedroom units and 47 two-bedroom residences.
Of the residential units, 54 workforce apartments will be affordable up to 60% of area median income, and 32 will rent at market rates. The project is being designed by ICON Architecture, and slated for completion by September of 2021.
For comments, questions or concerns, please contact David Cohen
- ◦Development