Project
Wood Mill Redevelopment
Real Estate & Commercial DevelopmentThe Wood Mill located in Lawrence, Massachusetts once served as a central location for textile manufacturing. Epsilon’s team of historic preservation consultants has been working with the developer to secure tax credits to fund the mill’s rehabilitation.
Overview
The Wood Worsted Mill, constructed between 1906 and 1909 was originally associated with the American Wool Company, the first multi-million dollar textile corporation, during the first half of the 20th century.
The Wood Worsted Mill was developed to produce worsted products from wool to the finished piece all in a single building. The Romanesque Revival style mill was designed by the Boston-based Charles T. Main Company, an architectural and engineering firm. The Office Building housed various office and business operations of the mill.
Contribution
Epsilon’s team of historic preservation consultants have been providing the historic tax credit support to Lupoli Companies. We have completed the state and federal historic rehabilitation applications and associated amendments for Buildings C, E, and F of the historic Wood Mill complex. Lupoli Companies has been utilizing the secured historic tax credits to help rehabilitate the old mill into an environmental-friendly adaptive reuse project.
The rehabilitation of this building will encourage continued investment into the former industrial area while simultaneously encouraging residents and employees to take public transportation provided at the Senator Patricia McGovern Transportation Center and garage across the street from the project.
Wood Mill exterior 
Wood Mill exterior 
Wood Mill exterior 
Wood Mill exterior
Achievement
After being vacant for many years, the Wood Mill is now bringing much needed housing and services to the City of Lawrence. This eco-friendly project serves as a prominent example of the marriage of environmentally-friendly development and historic preservation in the Commonwealth.
We are always excited to use our historic tax credit expertise to assist clients in securing funding for these rehabilitation projects, which often breathe new life into otherwise underutilized or abandoned buildings.