Abbott Mill
$26,000,000
Westford, MA - Fantini & Gorga placed a $26 million financing for the historic redevelopment of the Abbot Mill into 130 luxury apartments with underground parking. The redeveloped mill is centered on a canal that will be surrounded by a waterside park. The main entrance features an expansive, light-filled, three-story atrium. Incorporated into the mill structure will be 103 garage parking spaces with direct access to the apartments, a highly unusual feature in a suburban apartment project. The development also has a range of energy efficient design elements. Fantini & Gorga arranged a $17 million construction loan with an additional $9 million bridge financing tied to the funding schedule of Federal and State and Historic Tax Credits. The financing was placed with a regional bank.