3 Lowell St
Lewiston, ME 04240

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%