Loft Five50

Lawrence, MA

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.



  • TYPE

    Historic Preservation | Restoration + Adaptive Reuse


  • SIZE
    202,000 sf
    Completed in 2015

    J. Timothy Anderson Award | Best Historic Rehab Utilizing LIHTCs – Large
    National Housing & Rehabilitation Association

    MFE Award | Grand Winner, Adaptive Reuse
    Multifamily Executive

    Readers’ Choice Award | Finalist
    Affordable Housing Finance

    Vanguard Award for Major Rehab of Historic Structure
    National Affordable Housing Management Association

    Community of Quality Award
    National Affordable Housing Management Association

    Merit Award | Adaptive Reuse
    Multifamily Executive Magazine

    Best Development | Adaptive Reuse
    Multi-Housing News Magazine