AG Coakley signs brownsfield agreement with developer
LOWELL, Mass. (Legal Newsline) - The site of a former textile mill in downtown Lowell, Mass., will be cleaned up and redeveloped into affordable housing following a Brownfields Covenant Not to Sue Agreement between the state's attorney general and the site's owner.
Trinity Appleton Limited Partnership and Trinity Appleton Four Limited Partnership have agreed to clean up an area contaminated with oil and hazardous materials from industrial uses dating back to the 19th century.
"Brownfield Covenants are powerful tools that allow cities rich with history, like Lowell, to preserve its past and move into the future," said Attorney General Martha Coakley.
Trinity will address the contamination at the site in accordance with state cleanup regulations and will redevelop the property into 130 affordable loft-style apartments that will be marketed as living and working space for artists.
"Redeveloping this former textile mill in downtown Lowell will restore long-abandoned land to productive use and provide an economic boost to this area," Coakley said.
"The developer's plan to incorporate green elements into the building like energy efficient appliances is also a great way to modernize and attract people to this project."