Lowell, MA – WinnCompanies has unveiled plans for a $38.3 million residential construction project in the Hamilton Canal Innovation District in Lowell. It includes a collection of 17 parcels master-planned to transform the primary gateway of the city’s downtown.
Building on vacant, side-by-side parcels separated by Canal Street, WinnDevelopment will create two five-story buildings with 125 apartments and 5,000sf of commercial space.
It will be a true mixed-income project: 54 workforce apartments will rent at 100% of Area Median Income (AMI); 39 units will be affordable up to 60% of AMI; and 32 apartments will rent at market rates.
The development will offer 15 studio apartments, 63 one-bedroom apartments, and 47 two-bedroom apartments. The two residential buildings will be linked by an enclosed sky bridge spanning Canal Street, a nod to Lowell’s history when similar connectors joined industrial mill buildings.
The sky bridge will also complement the new signature bridge the city recently built over the lower Pawtucket Canal.
Construction will begin in December and be completed by September 2021.