- Hamilton Canal District, Lowell, Massachusetts
- In August 2007, Trinity Financial was selected by the City of Lowell as Master Developer for the 15-acres of vacant and underutilized land in the heart of the City of Lowell, known as the Hamilton Canal District. Trinity’s vision of a vibrant, mixed-use neighborhood spanning the Merrimack, Pawtucket and Hamilton Canals will transform the gateway of Downtown Lowell by connecting the transportation hub at the Gallagher Terminal and the Lowell Connector with the core downtown, the Arts District and the major event venues.
- Upon designation, Trinity began a series of meetings with the community in order to formulate a Master Plan and create a Form Based Zoning Code for the site. These “Vision Sessions” commenced in the Fall of 2007 and were each attended by over 100 people, resulting in a comprehensive Master Plan that has the overwhelming support of the community and includes up to 725 units of housing, up to 425,000 sf of commercial and up to 55,000 sf of retail. The Master Plan was completed in August of 2008 and approved by the City Council in September 2008.
- Today, the project has received all of the major State and City approvals necessary for development including:
- * Land Disposition Agreement with City of Lowell: Executed October 2008
- * City of Lowell Form Based Zoning: Approved February 2009
- * Massachusetts Environmental Policy Act Phase One: Approved July 2008
- * Massachusetts Environmental Policy Act Full Build: Approved May 2009
Construction of Phase I, the rehabilitation of the Appleton Mills, began in October 2009. The entire project is expected to take approximately ten years to complete.- Type: Mixed-Use, Transit Oriented Development Total development cost: $500 million Units: TBD Completion Date: 2018
Trinity Financial
