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Jeanne D’Arc Credit Union plans major expansion in The Acre

Jeanne D’Arc Credit Union CEO Mark Cochran with employees. From left, community engagement officer Alison Hughes, CEO Mark Cochran, and executive assistant Bethany Watson. (SUN/Julia Malakie)
Jeanne D’Arc Credit Union CEO Mark Cochran with employees. From left, community engagement officer Alison Hughes, CEO Mark Cochran, and executive assistant Bethany Watson. (SUN/Julia Malakie)
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LOWELL – Jeanne D’Arc Credit Union, which in recent years has expanded its blueprint in Lowell with two new buildings, is on the move again.

Credit union officials will unveil during Tuesday’s City Council meeting an an ambitious development plan for the corner of Merrimack and Cabot Streets in The Acre, several blocks from City Hall.

Not suprisingly, the development is called Acre Crossing.

Currently on the site are two vacant JDCU buildings, which front Merrimack Street. In the rear is a vacant lot, fronting Market Street, where the White Eagle bar was located.

Acre Crossing will consist of 32 affordable for-sale residential condominiums for first-time buyers; a new, first-class 30,000-square-foot office to house Jeanne D’Arc Credit Union expansion; and 4,700-square-feet of street-level retail, offering the neighborhood greater access to goods and services.

The credit union has been working on the site for years. Its officials, and city leaders, are excited about the proposal.

“This latest proposal is terrific,” said City Councilor Dan Rourke. “I had a conversation with the city manager about it last week and she said the city is very excited.”

The new buildings will be constructed by Will Soucy, who was also the contractor on JDCU’s new facilities, Tremont Yard near the Tsongas Center at UMass Lowell and its building at 581 Merrimack St.

City officials, going back to the mid-1990s, have viewed the stretch of Merrimack Street between City Hall and Pawtucket Street as a natural expansion of the central business district. Other than the JDCU building at 581 Merrimack St., and UMass Lowell activity at the intersection with Pawtucket Street, development has been slow out of the gate.

 

 

 

 

 

 

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