Formerly known as Malden Mills, the original manufacturer of Polartec fleece, Loft Five50 is the first phase of a LEED for Homes-certifiable mixed-income 75 unit residential development. To preserve the structure’s historic architectural heritage, the adaptive reuse consisted of extensive masonry restoration and repair, retention of original interior detailing such as soaring wood beam ceilings and complete refurbishment of the original clock tower and stairway. Located along the Spicket River Greenway, the design incorporates a public river walk leading to Stevens Pond. Loft Five50 is listed on the National Register of Historic Places.
Loft Five50 Phase Two is a 130,000 square foot, 62 unit affordable apartment complex assembled from four historic mill buildings to create two; Phase One and Two are indistinguishable from the outside. Connected via a firewall, the residents share ample amenities including a fitness center, theater room, lounge space and playroom. Phase Two has a mix of one-, two-, three- and four-bedroom layouts intended for families, and includes a business center, resident activity room, and an expansion of the central landscaped courtyard and patio space.