This is a real first in Massachusetts, as the state makes an effort to reform some of its earmarked communities.
In Lowell, a brand new live/work loft community for artists, writers, dancers, musicians, etc. is being built in a restored textile mill, and a lottery will determine who gets to live here with rents ranging from an unheard-of $425 to $950 per month.
“The construction of the Appleton Mills redevelopment in downtown Lowell is a great example of the positive effect the arts can have on communities,” said Abby Goldenfarb, project manager at Boston’s Trinity Financial, which is overseeing the 10-year, $800 million project in this city.
Aside from its settlement in 1653, and the creation of Lowell National Historic Park in the 1970s, city fathers are calling the mill restoration one of the most significant developments in Lowell’s 356-year history.
Income restrictions apply, and there is a selection board/interview process once you’re selected.
There are 130 units of this sought-after artists housing.
“Finally, despite these difficult economic times, the support this project has received from equity investors and from the Commonwealth speaks volumes about the importance of the arts as an economic driver, in both the public and private sectors,” Goldenfarb said.