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WATERHEAD

Lowell, MA

ABOUT THE PROJECT

A historic rehabilitation project in Lowell, MA, Waterhead features 71 studio and one-bedroom apartments with high-end finishes, energy-efficient upgrades, and luxe on-site amenities. Renovated from a centuries-old, historic corduroy mill, Waterhead seamlessly blends old with new. Each and every apartment within Waterhead showcases the building’s classic character and charm with original brick walls, high ceilings, restored details, exposed beams and timber, and large, mill-style windows.

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THE PROCESS

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The Waterhead Mill building, four stories tall and 74,000 square feet in size, was originally built in 1910 as a corduroy plant and held various light manufacturing businesses throughout the years, as well as a boxing gym used by boxer Micky Ward.

 

The mill was underutilized and in rapidly declining condition at the time our acquisition in 2019, which utilized a mix of tax credit benefits to facilitate its conversion to market-rate apartments, including state and federal historic tax credits and Massachusetts Housing Development Incentive Program credits.

The renovation process aimed to preserve as much of the original industrial architecture as possible, and it included restoring and cleaning the brick structure and façade, sandblasting the wood beams and staircases, and rebuilding the bridge that connected the property to the mainland.

PROJECT TEAM

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Get in Touch

Looking to work together? Contact our team below!

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