Monarch Lofts

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Monarch on the Merrimack transforms Lawrence’s massive Wood Mill into New England’s largest eco-friendly residential development. Monarch was designed to blur the line between outdoors and indoors with amenities such as its garden lobby, private waterfront park, and roof terrace with gardens. In keeping with sound environmental principles, Monarch will be powered by geothermal heating and cooling instead of fossil fuel.

When it was built in 1906, the mill was hailed as ‘the eighth wonder of the world.’ It was the largest building of its kind on the planet. With almost 30 acres under one roof and almost a third of a mile long, it is still described today as a horizontal skyscraper.

The historic mill was transformed into modern lofts through a thoughtful redesign incorporating renewable resources, energy and water efficiency, and sustainable development. At Monarch, environmental awareness coexists with sleek design and sophisticated amenities. Residents can reduce their ecological footprint while enjoying modern lofts and a luxury lifestyle.

Founded in 1845, Lawrence was among the first planned industrial communities in the United States. The city was the vision of The Essex Company, investors who created the largest dam in the world in order to harness the power of the Merrimack River for industry. Businesses and workers flocked to the ‘New City on the Merrimack.’ Lawrence became second only to Boston for the output of manufactured goods.

The mills shaped Lawrence’s skyline and were symbols of America’s rising industrial and financial power. Lawrence was the Silicon Valley of its time, where fortunes were made in the mills and early technological innovations. But none of the mills were as storied as the Wood Mill.

The story of William Wood and his Wood Mill is a chapter of the American legend. Born to Portuguese immigrants in 1858, young William began working as a mill hand at the age of 12. He rose quickly through the ranks and established himself as a young man with promise, marrying Ellen Ayer, whose father was a prominent mill owner.

Under the leadership of Frederick Ayer and William Madison Wood, their mill prospered. But William had even higher aspirations. In 1899, two years before legendary financier J.P. Morgan introduced the concept of corporate trusts, William Wood merged textile mills from Lawrence to upstate New York into the powerhouse American Woolen Company. Of all the mills owned by the American Woolen Company, the massive Wood Mill was the crown jewel.

http://www.monarchlofts.com/



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