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.
Builder, investors, take note. 13,920 sqft corner lot available. Currently has several small garage bays on the land. Access from Floral St and cleared graveled parking on Hudson. Level lot with a. slope up after the structure. Currently no permits, surveys, approvals for the lot - Town file is empty. Zoned Residential. Come build your own single family or build an investment opportunity with a multi-family. Buyers and Buyers agent to do their own due diligence.
Lawrence is located in Massachusetts. Lawrence, Massachusetts has a population of 87,798. Lawrence is less family-centric than the surrounding county with 23.28% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Lawrence, Massachusetts is $47,542. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Lawrence is 32.2 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 48.3 inches per year, with 53.7 inches of snow per year.
