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LAWRENCE — Assignment crews accept amorphous removing asbestos insulation, advance acrylic and added contaminants at the Van Brodie Comminute architecture off Broadway abreast the Methuen band in the aboriginal appearance of a $46 actor redevelopment of the century-old architecture that will actualize 102 affordable apartments with studios renting for as little as $429 a month.

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The apartments will amount an boilerplate of $451,000 anniversary to body at the above bolt mill, a bill that the rents could never cover. Instead, this activity – like about all of the industrial-to-residential rehabs in the arena – will be financed mostly with a complicated mix of federal and accompaniment loans and tax credits targeted at attention celebrated barrio and reinventing them as affordable housing.

“These comminute barrio are a key basic of the appearance of these cities,” said Paul McMorrow, a agent for MassHousing, a accompaniment bureau that aftermost anniversary awarded $17 actor in costs to the project. “They’re allotment of what makes cities like Lawrence and Lowell and Haverhill such activating places to live. They don’t feel like every added abode in the world. They accept that appropriate appearance that ties into a city’s history.”

The developer is Trinity Financial, a for-profit Boston aggregation that has adapted agnate barrio from New York to Lowell and specializes in what its web armpit says are backdrop “challenged by politics, infrastructure, ambiance or bazaar profile.” In Lowell, Trinity redeveloped the Appleton Comminute architecture into 130 affordable artists’ studios and adapted a additional celebrated burghal architecture into appointment amplitude with tenants that accommodate the University of Massachusetts.

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In Lawrence, Trinity bought the Van Brodie comminute in November from Versa Capital Management, which additionally endemic or still owns three added comminute barrio in a array amid Broadway and Stephens Pond at the Lawrence and Methuen band on Lawrence’s arctic edge. Versa afresh awash the Polartec mill — aforetime Arlington and again Malden Mills – breadth the new buyer hopes to catechumen the architecture into an addition hub for start-ups. Versa additionally endemic addition comminute in the array that it awash to addition developer who adapted it to 137 apartments, now alleged Loft Five50. It still owns the abutting Marriner Mill, which has been abandoned for about a decade and is for sale.

The Van Brodie comminute has been abandoned for as continued as 15 years, said Dan Drazen, a activity administrator for Trinity. The aboriginal architecture crews accustomed aftermost anniversary and the assignment is appointed to be completed in the abatement of 2019, Drazen said. In all, the comminute is 140,000 aboveboard feet, almost baby for a comminute in Lawrence.

City zoning in the arctic Lawrence adjacency allows the about-face of the mills into housing, so the Van Brodie activity bare few approvals. Among them, the Conservation Board appropriate Trinity to absolute arising from the armpit into a captivation catchbasin that would abolish debris afore the stormwater is dumped into Stevens Pond and the Spicket River. The comminute is anon on Stevens Pond abaft Loft Five50 and is not arresting from Broadway.

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Mayor Daniel Rivera additionally won an acceding from Trinity to buy and clean three, abandoned triple-deckers in the city. Trinity has purchased two of the three-family houses, one at 80-82 Inman St., the added at 17-19 Eutaw St. Trinity has not bought the third and Drazen was non-committal Monday back asked back it would.

“It’s article new for us,” Drazen said. “But we accept what the ambassador is aggravating to do.”

Rivera has said the burghal should clean the battered houses that checker the city’s neighborhoods afore architecture apartment in the above mills, which he said he would rather see alternate to industry.

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The Van Brodie advance will accommodate studios and one-, two- and three-bedroom apartments. Sixteen will be fabricated affordable for households earning up to 30 percent of the average domiciliary assets in the region, which for a ancestors of four would be $26,280 annually. Addition 67 will be aloof for households earning up to 60 percent of the breadth median, or $52,560 for the aforementioned ancestors of four. Nineteen units will be aloof for households earning up to 80 percent of the median, or $70,000 for a ancestors of four.

The activity is the aboriginal for Trinity in Lawrence. Drazen said the aggregation hopes to do added in the neighborhood.

“We’re attractive to aggrandize our brand in this bend of Lawrence,” he said. “We’re befitting our eyes out for backdrop that are a acceptable fit for us.”

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The fit is mostly celebrated mills that can be adapted to about 100 apartments, he said.

The Van Brodie comminute was congenital in 1919 as allotment of Arlington Mills, which began closing the array of barrio in the 1950s.

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