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December 22, 2008
Forest City Celebrates the Opening of Hamel Mill Lofts
Forest City Enterprises via PR Newswire
CLEVELAND, Dec. 19 -- Forest City Enterprises, Inc.(NYSE: FCEA and FCEB) today celebrated the opening of the first building at Hamel Mill Lofts, a collection of high-end, historically renovated rental apartment buildings in Haverhill, Mass.
"Hamel Mill Lofts is a great project in a great location that emphasizes our Company's commitment to Sustainability through the adaptive re-use of a historic, century-old shoe factory complex," said Charles A. Ratner, president and chief executive officer of Forest City Enterprises. "The completion of phase one of Hamel Mill Lofts further demonstrates Forest City's ability to deliver on its construction pipeline, even during our country's current economic recession."
NoLandGrab: Here's a more local example of Forest City's "commitment to Sustainability through the adaptive re-use of a historic, century-old... factory complex."
Phase two of Hamel Mill Lofts is scheduled to be completed in 2009.
"We are excited to bring another quality Forest City development to the greater Boston area, one of our Company's core markets," said David Levey, executive vice president of East Coast development, Forest City Residential Group. "Haverhill has several qualities we look for in the cities we choose to work in. The downtown is situated near a scenic river and right next to the highway, and we're right across the street from a commuter rail station. Hamel Mill Lofts showcases smart growth development at its best."
For the community, Forest City utilized historic and low-income housing tax credits, in addition to the State of Massachusetts' Smart Growth Zoning tool that promotes sustainable development.
Hamel Mill Lofts is currently leasing, with the first residents moving in earlier this month. For leasing information, visit http://hamelmilllofts.com or call 978-372-5638.
Amenities at Hamel Mill Lofts include a WiFi cafe, theater room, fitness center and landscaped courtyards, along with ample on-site parking. The apartment homes at Hamel Mill Lofts feature three different finish packages, more than 40 floor plans, along with state-of-the-art kitchens, energy-efficient appliances, in-suite washers and dryers, open-beamed ceilings and large windows.
About Forest City
Forest City Enterprises, Inc. is a $10.9-billion, NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit the Company's Web site at http://www.forestcity.net.
Posted by eric at December 22, 2008 11:33 AM