The following is cross-posted from the LowellDeeds blog:

The long talked-about sale of 305 Gorham Street, a portion of the lot where St. Peter’s Church formerly stood, by Cooney Development LLC to the Coalition for a Better Acre was recorded today. The former rectory of St. Peter’s parish will remain as home to Cooney Insurance and several law offices, but the northerly portion of that parcel which is bounded by Father Ronan Terrace and Gorham, Elm and South Streets, will soon be home to a six-story mulifamily building that will contain 24 residential units. According to a special permit from the Lowell Planning Board, phase two of the development will consist of a second building, this one of 5 stories, with an additional 24 units for a total of 48. The recorded documents give no indication of when construction will start.