Here’s some really great news from the city manager’s council packet for Monday’s meeting:
110 Canal Street Closing
I am very pleased to report that earlier this week Trinity Financial completed the financial closing for the next development project in the Hamilton Canal District. The necessary funding has been secured to convert the former Freudenberg Building at 100 Canal St. into Downtown Lowell’s newest commercial office building. Trinity acquired the building from the City at the end of June. The $8 million core and shell renovation is expected to begin in July and take approximately one year to complete. A formal groundbreaking for 110 Canal Street and ribbon cutting for the Canal Street Bridge will be scheduled for later in the summer.