71-75 Common St
About this property
Fully Approved 60-Unit Residential Site with $2.5M HDIP Tax Credit. Maximize your portfolio returns with the ICONO Tower Development, a premier, fully permitted multifamily opportunity in downtown Lawrence, MA. Located at 71-75 Common Street and 37 Newbury Street, this shovel-ready project is approved for 60 market-rate apartments sitting over a 55-car structured garage. Investors gain an immediate financial edge with an awarded $2.5 million Housing Development Incentive Program (HDIP) tax credit spanning 2025-2027. Capitalize on the Merrimack Valley's rapid growth with a project backed by strong local demand and local government incentives.
About this property
Fully Approved 60-Unit Residential Site with $2.5M HDIP Tax Credit. Maximize your portfolio returns with the ICONO Tower Development, a premier, fully permitted multifamily opportunity in downtown Lawrence, MA. Located at 71-75 Common Street and 37 Newbury Street, this shovel-ready project is approved for 60 market-rate apartments sitting over a 55-car structured garage. Investors gain an immediate financial edge with an awarded $2.5 million Housing Development Incentive Program (HDIP) tax credit spanning 2025-2027. Capitalize on the Merrimack Valley's rapid growth with a project backed by strong local demand and local government incentives.
Features and Additional Information
Presented By H-K Realty
Area Information
Essex | Essex County |
Schools in the Area
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Elementary School
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Middle School
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High School
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Brokerage: Home Shop Properties, Inc.
