WinnDevelopment Begins $15.5M Adaptive Reuse to Convert Mill Building into Apartments

LOWELL, MASS. — WinnDevelopment has secured financing to transform the 170-year-old Adden Building, a historic mill in Lowell, into market-rate apartments. The $15.5 million adaptive reuse project will complete a three-building residential development effort for the 15-acre Hamilton Canal District. Construction of the 88,000-square-foot building is expected to start immediately, with completion slated for summer 2017. Designed by The Architectural Team, the project will feature 73 market-rate apartments and two units restricted to households with incomes at or below 60 percent of area median income. The unit mix will be 47 one-bedroom units, 11 one-bedroom units with dens and 17 two-bedroom apartments. The project is a joint venture between WinnDevelopment, Banc of America CDC and the Architectural Heritage Foundation. Dellbrook Construction is serving as general contractor for the project, which is situated between the 52-unit Counting House Lofts and the 173-unit Loft Two Seven.