LOWELL ߞ; UMass Lowell has purchased the former St. Joseph's Hospital for $6.3 million and will invest millions more to rehabilitate the property and to begin occupying it as soon as possible, it was announced yesterday.
University Crossing, as the property is now called, will offer an important connection point centrally located between UMass Lowell's North, South and East campuses, and will provide much needed space for the growing university. UMass Lowell has seen a 30 percent increase in undergraduate students in the past three years.
The property, at 220 Pawtucket St., has gone largely unused since 1992, attracting only a handful of smaller health-related operations since the hospital relocated as part of a merger.
The property consists of six buildings totaling nearly 300,000 square feet that can be occupied, as well as 300 parking spaces in two lots that the university has been leasing.
Located between Merrimack and Salem streets in the city's Acre neighborhood, the site is a half-mile from Lowell City Hall and is within walking distance to UMass Lowell's three campuses and the downtown business and cultural district.
Read the entire St. Joseph's acquisition story.