Community
Teamwork is greater Lowell's
community action agency.
The
Keefe Company identified a vacant 67,000 square foot office
building constructed in 1985, and managed its acquisition
and conversion into a Comprehensive
Child Development Center with 28 classrooms, cafeteria
facilities, and play area. The facility is used to provide
Head Start and Early Head Start services to families from
throughout the greater Lowell region.
Our role in the project included the
following:
- negotiating a favorable purchase and
sale agreement
- supervising the design by Harris
Design
- developing pro forma financial statements
and raising $3.4 million in financing from Shawmut and
other lenders
- obtaining public approvals
- managing construction by CWC Builders
The
facility opened in 1995, under budget and ahead of schedule.
According
to Bill Lipchitz, president of the Lowell
Center City Committee, "Frank Keefe was the driving
force behind the completion of Community Teamwork's 28 classroom
state-of-the-art Head Start facility on Phoenix Avenue."
|