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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

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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