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Suffolk Place seeks $300,000 as construction faces remediation cost overruns
Community Preservation Committee (City of Lowell) · January 9, 2026
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Summary
Suffolk Place LLC requested a $300,000 CPA grant to cover about $500,000 in development cost increases driven by site remediation (asbestos, lead), higher materials costs and interest expense; the 33‑unit project broke ground in April 2025 and expects completion in June 2025.
Francie Slater, representing Suffolk Place LLC, asked the committee for a $300,000 CPA grant to cover cost overruns related to site remediation and increased construction costs. Slater said the project broke ground in April 2025 and expects to be complete in June 2025, with 33 units of…
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