UMass Lowell announces $800M development to include new housing, commercial space

LOWELL — Big plans are in motion at UMass Lowell.

The university will embark on a massive, nearly $800 million development campaign poised to bring hundreds of units of housing, hundreds of thousands of square feet of commercial space and a new dormitory to the Mill City.

Taken together, officials view the Lowell Innovation Network Corridor project — which will be financed mostly by private developers — as one of the most substantial changes coming to the city in decades.

"This is the most important economic development in Lowell in more than 20 years," UMass President Marty Meehan, a Lowell native, told the News Service. "This will be the most significant commercial development on the banks of the Merrimack River since the mills."

Campus officials have been rolling out highlights of the plans in recent days, and Gov. Maura Healey traveled to Lowell on Thursday for an event with Meehan, UMass Lowell Chancellor Julie Chen and other officials to announce "a major new milestone for a transformative economic development project" in the city.

First two phases feature new mixed-use space near arena, mill building

The project will unfold in three major phases. The first two phases will happen roughly simultaneously, each adding mixed-use space. One will build out land next to the Tsongas Center at UMass Lowell, and a counterpart will take aim a stone's throw away near the Wannalancit Mills.

Chen said the two locations will each add a roughly 300,000-square-foot building, about 20% of which UMass Lowell will occupy. Companies who want to be close to campus will lease the remaining space.

"We're excited about that because that means those are prime companies to hire our students as paid interns, as well as to hire them after they graduate," Chen said.

More than half of the 17,000-plus students at UMass Lowell are studying STEM fields, she added.

For both new mixed-use spaces, developers will build housing next door, geared toward recent graduates and young professionals. That development will add nearly 500 total units of housing to Lowell's stock.

Chen estimated groundbreaking will begin next year, followed by about two years of construction and then occupancy in 2027.

Third phase includes 461-bed dormitory near ballpark

The project's third phase, which does not have a clear timeline, envisions a new 461-bed dormitory near Edward A. LeLacheur Park.

UMass Lowell is working with private developers GMH Communities and Wexford. Chen said the school, city and state will collectively shoulder about 20% of the project cost, with developers covering the other 80%.

More than a dozen other colleges and universities throughout the country have embarked on similar efforts with the developers, according to Chen, who said Lowell's proximity to Interstate 495, comparably lower cost of living and industrial roots provided an attractive option.

"We're excited in terms of helping our students get paid internships, but also making sure that students, when they graduate, don't feel like they have to leave the state," Chen said. "They can find a place that's affordable to live, they can have a great job. All that combination helps us to keep the 25- to 35-year-olds in Massachusetts so that they will stay and not feel like they have to go to some other state."

"If they leave in that stage, then once they start having families, you're not going to get them back," she added. "We want to keep them here, and if you can keep that talent pool here, that's how you keep the companies here."

Meehan: Project has housing 'designed for people early in their careers'

Housing and the labor pool are pressing issues where state policymakers regularly hear warnings about how difficult it is for Bay Staters to find an affordable place to live and the challenges employers face recruiting and retaining workers.

"This is a project that has unique housing, housing designed for young people, people that graduate from college, people who are early in their careers," said Meehan, who was a U.S. congressman and led UMass Lowell before taking over the system. "It's great for our housing shortage, but also, development a partnership with a university like UMass Lowell means these companies will be integrally involved with getting potential workers."

Lowell is one of the state's so-called Gateway Cities, a former textile hub that experienced an economic downturn after industry dried up. The city of 113,000 had a median household income of about $72,000 in the latest U.S. Census data, about three-quarters as much as the state as a whole.

Local leaders have been working to spur new development in Lowell, particularly by embracing startups and developing fields. Chen said the campus development can "really expand and catalyze" efforts already underway, noting that small companies that graduate out of the "M2D2" medical device incubator space often struggle to find appropriate office locations.

"The same is true for a lot of the companies that we already work with," she said. "When they think about locating in Lowell, we've got some beautiful mill buildings, right, but they're not really the best thing necessarily for a tech company to move into. This (development) creates the right kind of buildings for a lot of those tech companies to move to."