Merrimack Valley At Center Of Redevelopment Effort

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Merrimack Valley FCU has broken ground on its new headquarters in an abandoned mill building on the banks of the Merrimack River, the anchor of a redevelopment of the massive complex.

The $400-million credit union has purchased 40,000 square feet at the dilapidated mills, long a symbol of blight in this once glorious mill city north of Boston. Developers, who were joined by Lt. Gov. Kerry Healey, U.S. Rep. Martin Meehan, and state lawmakers for a ceremony at the site, hope the credit union's interest will attract more tenants to the project.

After moving from nearby North Andover, Merrimack Valley FCU will become the largest financial institution based in Lawrence.

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