Textron To Sell More Than Half Of Its Land On Lowell Street

WILMINGTON, MA — Wilmington Town Manager Jeff Hull recently announced that Textron intends on selling a sizable portion of its 60-acre Lowell Street property to National Development.

“Textron and National Development have extended a Letter of Intent (LOI) and are progressing towards execution of a Purchase and Sales (P&S) agreement for 35 acres of the existing site,” explained Hull. “National Development intends to construct 270,000 to 330,000 square feet of industrial warehousing and distribution space which they believe could constitute up to 3 or 4 tenants.”

Hull said that Textron plans to consolidate their operations into one building (“Building 9”) and demolish Buildings #1, #2, #3, #4, and #6. Textron hopes to complete their renovations by the end of 2021 while actually increasing their workforce from 115 to more than 200.

Wilmington Planning Director Valerie Gingrich reminded National Development and Textron that the intersection of Lowell Street and Woburn Street is slated to receive a significant upgrade from the state as early as FY2023. Initial designs of the new intersection did not contemplate additional warehousing and distribution on the Textron site, so Gingrich instructed the developer to provide projected traffic impacts.

Gingrich advised National Development of the town’s vision to create a more “mixed use environment” with residential development happening at the old Walpole Woodworkers site on Lowell Street (36 town houses), as well as residential and commercial development occurring at the corner of Lowell Street and Woburn Street (57 apartments, 7 retail units, bank, office space).  The town’s intention to formalize a truck exclusion on Woburn Street, between Eames Street and Lowell Street, was also discussed.

Town officials once again expressed interest in the fields and courts, which is on the land that Textron will be selling to National Development. National Development officials responded that they have no immediate use for that portion of the property and indicated they would be willing to enter into some type of use agreement with the Town. The Town previous declined a licensing agreement with Textron to use the fields and courts due to costs associated with rehab and maintenance, as well as a lack of interest from Wilmington’s youth sports, high school sports, and the Recreation Department.

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