Lowell Addresses Housing Crisis with Redevelopment and New Rental Apartments
Lowell, Massachusetts, is actively addressing its housing crisis through various redevelopment efforts, including the conversion of existing buildings into residential units and plans for new rental apartments. The city is focusing on areas like the Jackson, Appleton, and Middlesex (JAM) streets, which have been targeted for renewal for two decades. Recent developments include Draper Labs' plan for a commercial building, alongside proposals for 362 market-rate rental apartments and an additional 125 units, some of which will be restricted for low-income residents. David Steinbergh, principal at RCG, has already converted an aging office building, the Hildreth Building, into 50 market-rate rental units, with 60% leased by September. UMass Lowell is also contributing to the housing solution through its Lowell Innovation Network Corridor initiative, aiming to redevelop a stretch between the university and downtown by adding nearly 500 new housing units.
