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10/15/2018
 
Posted By: Trinity Financial

Lowell, Massachusetts has a proud history as the birthplace of the Industrial Revolution, and is looking to continue its legacy as a critical innovation district. Nowhere is this juxtaposition of old and new innovation more apparent than our latest project in Lowell’s Hamilton Canal District. We worked to redevelop 110 Canal Street, a former mill building, into a 55,000-square-foot spec office and commercial property. This certified historic rehabilitation project is an integral part of the broader mission to revitalize this district, and follows the completion of our redevelopment of Appleton Mills, the largest affordable artist housing development in the state. 110 Canal Street is now fully leased, and is home to a number of tenants that will continue the innovative spirit of Lowell. Some of the major tenants include:
  • UMass Lowell’s NERVE Center and Fabric Discovery Center, which offers a location for companies and university faculty to work together to design and test advanced manufacturing.  
  • The UMass Lowell Innovation Hub, which fosters entrepreneurship, economic development and job creation by linking the region’s technology startups and entrepreneurs to resources that facilitate the development, manufacturing and commercialization of their respective innovations. The hub hosts technology-focused startup companies based on university technology, as well as innovations and concepts developed in the larger, entrepreneurial community.
  • M2D2, a business incubator which provides space for early-stage medical device and biotech businesses.
110 Canal InteriorWe recently had the opportunity to come together to celebrate the official opening of this building with Governor Charlie Baker, leaders from UMass Lowell, national manufacturing institutes and the Massachusetts advanced manufacturing community. As Lowell continues to be a hub for innovation, we know that 110 Canal Street will be an important part of this story. We look forward to seeing the entrepreneurial and creative spirit that has revitalized this former mill building and hope it will extend beyond the building itself and into the entire city.