MassDevelopment Puts $208K Toward Downtown Lawrence Mixed-Use Project

The nonprofit Lawrence CommunityWorks (LCW) has been awarded a $208,000 grant from the Brownfields Redevelopment Fund to go towards the Duck Mill/Union Crossing Phase II redevelopment in Lawrence.

The funds will be used for cleanup and adaptive reuse of the five-story Duck Mill (formerly a cotton and wool manufacturing facility) located on the North Canal in downtown Lawrence. When completed, the 2.2-acre site will consist of 10,000 square feet of commercial space and 73 units of affordable rental housing.

“MassDevelopment is pleased to partner with LCW in its efforts to redevelop the Duck Mill, thereby increasing affordable housing and sparking economic activity in a Gateway City,” MassDevelopment President and CEO Marty Jones said in a statement. “The money from the Brownfields Redevelopment Fund over the last five years has helped this project revitalize a part of the heart of Lawrence.”

In total, MassDevelopment has provided $338,510 for the second phase of the Union Crossing redevelopment. Additional funding has come from state and federal historic tax credits, state and federal low-income housing tax credits, HOME funds and several other housing program funds.

SourceBanker & Tradesman