Francis Cabot Lowell Mill II

Overview

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Francis Cabot Lowell Mill II in Waltham, Massachusetts, stands as a testament to the rich industrial history of the area, transformed into a vibrant residential community. This 258-unit elderly/disabled apartment complex is housed within what was once the first fully-automated mill building, offering a unique blend of historical architecture and modern living amenities. Residents enjoy a warm and active community spirit, supported by an array of programs and activities designed to promote well-being and social interaction.

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The property boasts both large and small community spaces where residents can gather, socialize, and participate in various events and activities. Its location along the beautiful Charles River provides scenic views and easy access to outdoor recreation, while its proximity to public transportation and downtown Waltham ensures convenience for shopping, dining, and entertainment. The Francis Cabot Lowell Mill II is more than just a place to live; it’s a place where history and community come together to create a truly special living experience.

Safety and comfort are priorities here, with features tailored to meet the needs of elderly and disabled residents. The commitment to maintaining a supportive and engaging environment makes it an ideal choice for those seeking a community that values both independence and interconnectedness. With its historic charm and modern conveniences, Francis Cabot Lowell Mill II offers a unique and enriching living experience in the heart of Waltham.

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Amenities and Features

Elderly/disabled residential apartment complex
258 units available
Located in a historic landmark building
Large and small community gathering spaces
Programs and activities for resident well-being
Close to public transportation and downtown Waltham
Scenic views along the Charles River
Easy access to outdoor recreation

Sources

Francis Cabot Lowell Mill II Location

Address: 174 Moody St, Waltham, MA 02453

Phone: 781-891-4108

Website: https://bostonland.com/Lowell-Mill.php

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About Waltham, Massachusetts

Waltham, a city located in the state of Massachusetts (MA), is home to a population of approximately 64,711 people. Waltham boasts a median age of 34.7, with around 20.8% of its residents aged 60 or above. 2.5% of the population identifies as US Veterans. 10% of Waltham residents are disabled. The city has an average household income of $113,443, while the unemployment rate stands at 3.1%, and around 8.9% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Waltham is $679,693, with a monthly rent averaging $2,141.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.