Westminster Village

Westminster Village is a 432 unit, garden-style apartment complex located in Lowell, Massachusetts, overlooking the Merrimack River. It is comprised of 36, three-story buildings across 20 acres and includes a swimming pool, clubhouse, computer room and laundry facilities. Originally, built in 1970 and previously renovated in 1995, Related Affordable acquired the property in September 2011 utilizing tax-exempt bonds from Massachusetts Housing Finance Agency and equity from the sale of Low Income Housing Tax Credits to MetLife via Alliant Capital. Upon acquisition, the property underwent $7.6 million dollars in renovation which included: complete interior upgrades, ADA accessibility upgrades, new roofs, windows and siding, landscape and site work upgrades, clubhouse expansion and addition of computer lab.

Westminster Village

ADDRESS

1307 Pawtucket Boulevard
Lowell, MA  01854

MAP  MAP

PROPERTY CONTACT

Janet Ivanov

CONTACT US CONTACT US

Westminster Village is a 432 unit, garden-style apartment complex located in Lowell, Massachusetts, overlooking the Merrimack River. It is comprised of 36, three-story buildings across 20 acres and includes a swimming pool, clubhouse, computer room and laundry facilities. Originally, built in 1970 and previously renovated in 1995, Related Affordable acquired the property in September 2011 utilizing tax-exempt bonds from Massachusetts Housing Finance Agency and equity from the sale of Low Income Housing Tax Credits to MetLife via Alliant Capital. Upon acquisition, the property underwent $7.6 million dollars in renovation which included: complete interior upgrades, ADA accessibility upgrades, new roofs, windows and siding, landscape and site work upgrades, clubhouse expansion and addition of computer lab.


---

PROPERTY TYPE

Affordable

NUMBER OF FLOORS

2

CONSTRUCTION COMPANY

AMK Contracting Company

ARCHITECT

TBC Architects

UNIT TYPES

1 bedroom, 2 bedroom & 3 bedroom

AMENITIES

Pool, Clubhouse, Computer Room, Playground; Laundry Facility

DEVELOPMENT PARTNERS

Tax Credit Equity: Alliant Capital/MetLife; Lender: Massachusetts Housing Finance Agency

PROPERTY SIZE

400,932 sq ft; 36 buildings

NUMBER OF UNITS

432

MARKET STATUS

99% Occupied

MANAGEMENT COMPANY

Related Management