William Kelleher, IV Blog Posts
William D. Kelleher, IV – PrincipalBefore the onset of Covid-19, Worcester roared with commercial real estate activity, attracting developers from coast to coast. Los Angeles-based Benedict Canyon Equities bought the 24-story Sky Mark Tower apartment building for $28.8 million. Boston-based Synergy Investments jumped in the Worcester market with the $16.5 million purchase of Worcester Plaza at 446 Main St. And Madison Properties in Boston began development of the former Wyman Gordan industrial land, adjacent to Polar Park, the $115 million ballpark off Madison Street for the Worcester Red Sox. This multi-use project will feature a new Class A office building just beyond the ballpark’s left field. In addition, two hotels, 250 apartments and 65,000 square feet of retail space are in the works.
William D. Kelleher, IV – PrincipalLike a toddler’s patient parents mimicking airplane sounds and motions with broccoli florets speared on the end of a fork, they set out to get the entire city of Worcester to “open wide.” Any parenting veteran knows the challenges when it comes to developing healthy eating habits in a youngster –– never mind an entire city. But 49 years ago, Albert and Magdalena Maykel, the owners of The Living Earth Natural Market & Café at 232 Chandler Street, set out on their demanding mission. They believed that people would eventually grow to both understand and appreciate the value of proper, quality nutrition.
William D. Kelleher, IV – Principal September 2019The Cannabis Control Commission (CCC) will be relocating its permanent offices to Worcester from downtown Boston this coming December. The CCC signed a 10-year lease for a 14,381-square-foot office at Worcester’s Union Station and 4,523-square-foot satellite office at 50 Franklin Street in Boston’s Downtown Crossing. The new Worcester headquarters will include 25 offices, 53 work stations and three conference rooms, one of which will be large enough to accommodate the commission’s public meetings. Additionally, CCC will receive 15 parking spots in the garage attached to Union Station, and its office will be accessible by commuter rail.
Worcester Auditorium: $94 Million Redevelopment To Become An Innovative Technology, Arts and Education Center
William D. Kelleher, IV - Principal
The Architectural Heritage Foundation, a Boston-based preservation group, has agreed to purchase the iconic Worcester Auditorium for $450,000. Their plan is to turn the auditorium into a forum for state-of-the-art commercial entertainment and an incubator for business entrepreneurs involved in the 21st-century digital media industry.