Hamilton Canal District, Lowell, MA Downtown Lowell Phase I - - PowerPoint PPT Presentation

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Dec 28, 2023 424 likes •658 views

Hamilton Canal District, Lowell, MA Downtown Lowell Phase I Appleton Mills Ham ilton Canal District Hamilton Canal District, Lowell, MA 15 acres, adjacent to Downtown Lowell National Park Historical District 1.9 million square

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Hamilton Canal District, Lowell, MA

Phase I Appleton Mills Downtown Lowell Ham ilton Canal District

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Hamilton Canal District, Lowell, MA

15 acres, adjacent to Downtown
Lowell National Park Historical District
1.9 million square feet of mixed-use, transit-
riented development
The creation of up to 725 units of market rate

and affordable housing, up to 425,000 square feet of commercial space and up to 55,000 square feet of retail

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Hamilton Canal District, Lowell, MA

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Hamilton Canal District, Lowell, MA

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Hamilton Canal District, Lowell, MA

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Hamilton Canal District, Lowell, MA

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Hamilton Canal District, Lowell, MA

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

USES Acquisition: $504,721 Hard Costs: $32,613,750 Contingency: $3,261,375 Soft Costs: $10,698,698 TDC: $47,078,544 SOURCES Tax Credit Equity: $26,282,806 GDI Funds: $13,674,539 AHT: $2,000,000 PDF: $1,640,000 HSF: $1,000,000 Permanent Loan: $1,465,000 Deferred Developer Fee: $1,008,699 STC Contribution: $7,500 TOTAL SOURCES: $47,078,544 Construction Loan: $22,395,000

Phase 1A-90 Units (4% Credit)

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Appleton Mills: New Opportunities for Old Buildings

USES Acquisition: $165,279 Hard Costs: $10,871,250 Contingency: $1,087,125 Soft Costs: $4,850,309 TDC: $16,973,963 SOURCES Tax Credit Equity: $15,796,463 State HOME: $800,000 City HOME: $200,000 Permanent Loan: $175,000 STC Contribution: $2,500 TOTAL SOURCES: $16,973,963 Construction Loan $12,540,000

Phase 1B-40 Units (9% Credit)

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Trinity Appleton Four Limited Partnership 100% Ownership Interest General Partner .005% Trinity Appleton Four, Inc.

Investor Limited Partner Limited Partner 99.99% Red Stone - Fund 8 Limited Partnership

James G. Keefe 50% Stockholder Patrick A. T. Lee 50% Stockholder

APPLETON MILLS – PHASE 1A

Special Limited Partner .001% Red Stone Equity Manager, LLC

Limited Partner .004% Trinity Appleton Four STC LLC

General Partner 100% Trinity Appleton Four, Inc.

Lowell Development and Financial Corporation, assignee of Trinity Appleton Four, Inc. (assignment)

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Trinity Appleton Limited Partnership 100% Ownership Interest General Partner .005% Trinity Appleton Inc. James G. Keefe 50% Stockholder Patrick A. T. Lee 50% Stockholder

APPLETON MILLS – PHASE 1B

Investor Limited Partner Limited Partner 99.99% Red Stone - Fund 8 Limited Partnership

Special Limited Partner .001% Red Stone Equity Manager, LLC

Limited Partner .004% Trinity Appleton STC LLC

General Partner 100% Trinity Appleton, Inc.

Lowell Development and Financial Corporation, assignee of Trinity Appleton, Inc. (assignment)

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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Appleton Mills: New Opportunities for Old Buildings

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