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Cross Point (Lowell, Massachusetts)

Buildings and structures in Lowell, MassachusettsOffice buildings in Massachusetts
Cross Point Towers; northeast side; Lowell, MA; 2011 09 11
Cross Point Towers; northeast side; Lowell, MA; 2011 09 11

Cross Point is an office complex in Lowell, Massachusetts. Formerly named Wang Towers, it is a local landmark, dominating the busy intersection of Interstate 495 (the Boston outer ring road) and U.S. Route 3. It is the third-tallest building in Lowell, after Three River Place and the Kenneth R. Fox Student Union at UMass Lowell. The complex, consisting of three interconnected cement-clad 12-storey towers and other buildings totaling over 1,200,000 square feet (110,000 m2) situated on 15 acres (6.1 ha), was built by original sole tenant Wang Laboratories as its new world headquarters.Construction began in 1980, and it was completed in stages at a cost of US$60,000,000 (about $182 million in current dollars). The buildings served as a demonstration of the rise of Wang Labs and the Boston-area computer technology industry generally, and later as a sign of the rapid fall of the company and industry: Wang Labs entered bankruptcy in 1992, and the property was sold at bankruptcy auction in 1994 for a tiny fraction of its construction cost – $525,000 (about $1.04 million in current dollars) – in 1994, to Louis Pellegrine, fronting for Atlantic Retail Partners.Atlantic renovated the towers (with the help of tax breaks and a $4 million letter of credit from the City of Lowell) and sold them in 1998 to San Francisco-based Yale Properties USA and Blackstone Real Estate Advisors, reportedly for over $100 million. The towers acquired new tenants, but business was hurt by the 2000–2001 bursting of the "dot-com bubble", and it was described as being, by 2005, a "ghost town" with an occupancy rate of about 50%.Yale Properties bought out Blackstone's share in 2005; in the same year San Diego-based Divco West Properties bought an interest in the property. By 2007 the occupancy rate was back up to about 90%, with major tenants such as Motorola moving in. Yale actively shopped the property, but a 2007 deal to sell it for about $180 million to a consortium led by Davis Marcus Partners fell through. The real estate crash beginning in 2007 put severe strain on the property's finances, but Yale and Divco West (along with Canada's Public Sector Pension Investment Board) retained ownership. In 2012 the towers were about 70% filled and Colliers International was hired to boost occupancy.The towers were sold to CP Associates LLC for $100 million in 2014.One of the largest office lease relocation transactions in Greater Boston happened when Kronos Incorporated signed a 500,000 square-foot global headquarters office lease at Cross Point in 2016. This move makes it one of the largest employers in Lowell and the largest tenant at Cross Point with 1,500 employees on a total of 16 floors. CrossPoint’s ownership team and Kronos plan to spend more than $40 million on the design and build of a completely modernized facility.

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Cross Point (Lowell, Massachusetts)
Chelmsford Street, Lowell

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N 42.614722222222 ° E -71.324722222222 °
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Cross Point

Chelmsford Street 900
01851 Lowell
Massachusetts, United States
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Cross Point Towers; northeast side; Lowell, MA; 2011 09 11
Cross Point Towers; northeast side; Lowell, MA; 2011 09 11
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South Common Historic District
South Common Historic District

The South Common Historic District of Lowell, Massachusetts, encompasses the city's South Common and the various public, religious, and private residential buildings that flank its borders. The South Common, about 22.5 acres (9.1 ha) in size, was purchased by the city in 1845 in an auction by the Proprietors of Locks and Canals, who owned much of the city's industrial area. Although the common was landscaped, it was not apparently done so to a plan. It quickly became lined with fashionable residences, and several iconic public buildings, including the 1850 courthouse, a Romantic Revival structure designed by Ammi Young, and a series of Gothic Revival churches. Highland Avenue was built out with a series of fine Italianate houses.Per the January, 1981 Massachusetts Historic Commission application, in the 1850s a land owner living on the east side of the proposed South Common, Patrick Manice, refused to sell his property to the City of Lowell. The city then enclosed his property, with he and his family within with a wooden fence. Friends supported Manice by slipping food through the slats of the fence. He surrendered his house in 1856 for $3500, and the parcel was subsequently nicknamed "Manice's Spite". In 1905, the city built a running track a baseball field and a children's gymnasium on the common as a 'city experiment'. In addition to the common, the historic district encompasses many of the surrounding buildings including: 7 residential buildings on Highland Street,7 properties on Summer Street including the Eliot Church,Eliot School on Favor Street,Hood's Laboratory (Thorndike Street) - Originally built to produce 'Hood's Sarsaparilla', the former Lowell Jail (Thorndike Street) later housing Keith Academy Catholic High School,St. John's Church (Gorham Street), St. Peter's Church and Rectory (Gorham Street) and, the Middlesex County Courthouse (Gorham Street). The district was added to the National Register of Historic Places in 1982.

Lowell, Massachusetts
Lowell, Massachusetts

Lowell () is a city in Massachusetts, in the United States. Alongside Cambridge, it is one of two traditional seats of Middlesex County. With an estimated population of 115,554 in 2020, it was the fifth most populous city in Massachusetts as of the last census, and the third most populous in the Boston metropolitan statistical area. The city is also part of a smaller Massachusetts statistical area, called Greater Lowell, and of New England's Merrimack Valley region. Incorporated in 1826 to serve as a mill town, Lowell was named after Francis Cabot Lowell, a local figure in the Industrial Revolution. The city became known as the cradle of the American Industrial Revolution because of its textile mills and factories. Many of Lowell's historic manufacturing sites were later preserved by the National Park Service to create Lowell National Historical Park. During the Cambodian genocide (1975–1979), the city took in an influx of refugees, leading to a Cambodia Town and America's second-largest Cambodian-American population.Lowell is home to two institutions of higher education. UMass Lowell, part of the University of Massachusetts system, has three campuses in the city. Middlesex Community College's two campuses are in Lowell and in the town of Bedford, Massachusetts. Arts facilities in the city include the Whistler House Museum of Art, the Merrimack Repertory Theatre, the Lowell Memorial Auditorium, and Sampas Pavilion. In sports, the city has a long tradition of boxing, hosting the annual New England Golden Gloves boxing tournament. The city has a baseball stadium, Edward A. LeLacheur Park, and a multipurpose indoor sports arena, the Tsongas Center, both of which have hosted collegiate and minor-league professional sports teams.