Haverhill, MA – RISE, a Boston-based minority owned developer and construction firm, has reached 80% project completion at 86 Essex Street in downtown Haverhill.
The residential project, known as the “Essex St. Lofts,” is a restoration of a 7-story industrial building in the downtown area. The team recently completed the replacement of 210 windows on the historic facade, and has moved to the next phase of renovating the interior.
Built in 1910, the building has been underutilized for many years. It’s one of the last remaining, undeveloped mill structures in downtown Haverhill. The 2,224sf mixed-use project is consistent with the building stock and reuse of mill structures in the surrounding neighborhood and represents the opportunity to have an infill, mixed use project that can serve to bring additional stability to the area by improving conditions and property values.
The development encompasses 42 residential units and available, ground floor commercial space. RISE is incorporating an art gallery space into the lobby, where local artists can showcase their artwork at no cost to them. The ground floor level is designed to bring life to the current abandoned space, activating and improving the public realm and streetscape. The building also has garage parking adjacent to the property and on street parking directly in front, and is located near North Shore beaches and the commuter rail to Boston.
“RISE continues to have great enthusiasm throughout this renovation of this historic building into a residential community for this city. As we approach completion this fall, it is a great moment to reflect on the history and character of Haverhill, and we are excited to begin to welcome local business as potential tenants, and residents as potential occupants to this space,” said Herby Duverné, CEO of RISE.
The project is scheduled to be completed on Oct. 3.