Member of the reality-based community of progressive (not anonymous) Massachusetts blogs
Two weeks ago, the City announced that Trinity Financial of Boston, MA has been chosen as the Master Developer for the http://www.hamiltoncanal.com/ Hamilton Canal District. The City web site has extensive information and if you want additional details, please check it out.
There is also a neat interactive map for those of you who want a quick review.
The Hamilton Canal District will reinvent 15 acres of vacant and underutilized land as a new vibrant mixed-use neighborhood connecting Lowell’s downtown to its Commuter Rail station. The project is an innovative public-private partnership between the City of Lowell and Trinity Financial. The $500 million, 2 million square foot project will include a substantial commercial component, 500-1000 new housing units, a new Judicial Center housing the Lowell Trial Courts, and potentially the new U. Mass/Lowell Nanotechnology Center.
It is probably going to take another year or so for all of the legal wrangling to be completed; including the eminent-domain process. Although the garage is almost completed, most likely construction will not begin until 2010 and be completed around 2020.
In case you missed it, Mike Lafleur had a lengthy, front-page article in the Friday edition of the Sun on the press conference that took place on Thursday on site when the chosen developers plans and rendering were unveiled.
There is no question that this urban renewal project will dramatically change the face of the City and bring about the revitalization of that section of downtown and in effect, creating a new central business district. I envision a city where walking is encouraged; store fronts on the first floor, offices and housing on the upper levels; a nice mix of entertainment, residences, retail, offices, and institutions.
[powered by WordPress.]
|« Aug||Oct »|
37 queries. 0.469 seconds