The Lofts on Lowell is a premier residential development opportunity boasting a prime location in Maine's second-largest city, Lewiston, known for its rich history and vibrant community. This meticulously planned project offers an approved TIF and has been vetted for modular construction by a Maine based modular builder as an option for the developer with an estimated timeline for completion ½ that of the current pace of construction. This can help reduce the overall cost of the project and ensure units are available to the market faster. Highlights: • Permitted Residential Units: 172 • Total Lot Size: 0.18 Acres • Market Rate: 100% • Frontage: 177.75, 100 Ft on Lowell St and 77.75 Ft on Chapel St • Address: 3 Lowell St. Lewiston ME • Excellent Highway Access: Minutes to I-95 • Close Proximity: o Central Maine Medical Center (CMMC) o St. Mary’s Regional Health Center o Bates College o City’s Planned Riverfront Revitalization • Approvals and Pre-Development Work Completed • Population Growth – More than double the state pace • Employment: 3,000+ Local Healthcare jobs • Population: Second Largest City in Maine • TIF - Tax Increment Financing: 55% Tax Reduction for 20 Years • Attractive Financing Available • Projectd IRR: 23.8%