JV SECURES LOAN FOR FINAL PHASE OF BOOTT MILLS COMPLEX
LOWELL, MASS. — Fantini & Gorga served as lead advisor on a financing package for the $36.4 million Boott Mills West construction project in the National Historic Park in Lowell. The project used three kinds of tax credits — federal, state and new market — as well as a $19.1 million loan placed by Fantini & Gorga. A joint venture between Winn Development and Rees-Larkin Development is transforming a 19th century mill into 77 apartments and 42,684 square feet of office space. Boott Mills West is located at 141 John St. and is the last undeveloped phase in the Boott Mills complex, which includes the Boott Cotton Mills Museum, the Tsongas Industrial History Center and The Apartments at Boott Mills. Joe Eddy and Tim O'Donnell of Fantini & Gorga handled the assignment.