Lowell Sun | By Grant Welker
January 23, 2017
LOWELL — A $25 million to $30 million glass residential tower on the Concord River will be unlike anything ever built in downtown Lowell, rising 12 stories above East Merrimack Street, with prices higher than anything the city has seen for apartments or condominiums.
The project is scheduled to go before the Planning Board on Feb. 6, but has already received a positive response from the board in an informal presentation from planners.
“I don’t remember in my life time, or certainly recently, a project such as this,” said John Cox, an attorney for the project and a former city manager. “This would be luxury living in the downtown like I’ve never seen.”
The project’s 66 for-sale units would be priced at up to a “five-, six-, seven-(thousand), whatever, range,” he told the Planning Board earlier this month.
The project, called One, will include 55 two-bedroom units and 11 one-bedroom units, ranging from 800 to 2,500 square feet.
If the project wins Planning Board approval, construction would start this spring or summer. Developer David Daly recently won approval to demolish the existing brick building, which contained several different restaurants and clubs, including Chevy’s Bel Air Cafe and The Raft, before being used by Middlesex Community College in recent years.
An earlier proposal for the building had a height of nine stories with a slightly different appearance.