Breathing New Life into a Landmark
The proposed development, Eleanor’s Lofts is a resource-efficient multi-purpose residential area with 240 residential apartments and 37,000 SF of commercial and amenity space for restaurants, outdoor green space, and a state-of-the-art fitness center for residents—more than just apartments: a community asset.
Benefits and Values
- Creation of 240 high-quality, energy efficient residential apartments.
- Enhancing the Nashua Riverfront with public access and amenities
- Driving economic growth and community revitalization in Fitchburg.
- 13.51 million in real estate tax revenue projected over 10 years, based on current millage rates
- Increased property values in surrounding areas
- High-efficiency electric appliances in all units
- 200 Jobs created during construction, and 20 new jobs created at stabilization
- Near route 2, Commuter Rail into North Station, and interstate 190
- Seamless connection to the twin cities rail and park systems
- Environmental clean up and enhanced beautification of public spaces
- Ability to participate in State and Federal Historic Tax credit subsidized rehabilitation
- New residents stimulating the economy & supporting local businesses
- Restaurant & coffee shop with full liquor license
Eleanor's Lofts
642 River St, Fitchburg, MA 01420
Giuliana Iavarone, Leasing and Sales Senior Manager
giuliana@cebuilds.com
508-739-6100