News: Front Section
Posted: June 16, 2017
City of Lowell hosts open house and site tour at Hamilton Canal Innovation District; 15-acre mixed-use development site on June 21 at 10am
Lowell, MA Mayor Edward Kennedy announces today, a special invitation to developers, real estate professionals and prospective commercial tenants to attend an upcoming open house and site tour at the Hamilton Canal Innovation District (HCID) on Wednesday, June 21 from 10:00- 11:30 AM. at the UMass Lowell Innovation Hub (i-Hub) at 110 Canal St. "The City is pleased to showcase this prime development site to the Greater Boston commercial developers. This will be the beginning of extensive marketing of this unique site." said Kennedy. The HCID district is a 15 acre redevelopment site located at the gateway to Lowell's downtown. This site presents one of the best opportunities in the Commonwealth to achieve a transit-oriented, waterfront (canals) development in the heart of a vibrant and vital city.
The Hamilton Canal Innovation District, a collection of 17 separate parcels located in the heart of Lowell, will transform the primary gateway into the city by doubling the size of its downtown with a new, urban site that will connect the transportation hub at the Gallagher Terminal (MBTA to Boston) and Lowell Connector with the core downtown, the Arts District, and the major event venues. This new development will further strengthen the residential and commercial markets within the City.
The city is seeking to build upon prior successful projects in this district including the Appleton Mills artist housing; the University of Massachusetts' Medical Devices Development Center (M2D2); the Innovation Hub for early-stage entrepreneurs; and the Commonwealth's new Judicial Center, a $200 million project, currently underway.
During this event, attendees will have the opportunity to hear directly from Jay Ash, the Commonwealth's Secretary of Housing and Economic Development, University of Mass. president Martin Meehan, city manager Kevin Murphy, among successful Lowell businesses. This HCID further ensures that the City of Lowell is well poised to attract significant investment and become a desired destination for "Work-Live-Play" north of Boston.
To register for this event, please contact Tom Lamond at tlamond@lowellma.gov or call (978) 674-1437. To learn more about the Hamilton Canal Innovation District visit: www.hamiltoncanal.com
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in