Worcester: On The Move
The Opportunity Zones Are Creating Incentives for Worcester’s Impressive Trajectory to Continue
Chris J. Naff
June 2019
Tax Cuts and Jobs Act of 2017
Created by the Tax Cuts and Jobs Act of 2017, the federal government’s Opportunity Zones are re-shaping the real estate landscape throughout the entire United States.
An Opportunity Zone is an economically-distressed Census Tract where new investments, under certain conditions, may be eligible for […]
The Reactory: Worcester’s Master Planned Park Focused On Biomanufacturing
James G. Umphrey – Principal
June 2019
The WBDC recently unveiled Worcester’s first master planned park focused on biomanufacturing calling it The Reactory. Located alongside UMass Medicine Science Park and the continually expanding UMass Medical School, The Reactory’s master plan allows for eight shovel-ready parcels that can accommodate up to 530,000 square feet of top-quality biomanufacturing facilities.
Worcester Auditorium: $94 Million Redevelopment To Become An Innovative Technology, Arts and Education Center
William D. Kelleher, IV - Principal
June 2019
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.
Polar Park Stadium and Ancillary Mixed-Use Development Will Transform Worcester’s Canal District
Brian A. Johnson
June 2019
Undoubtedly the most widely circulated, discussed, and shared story in the region concerns the Boston Red Sox Triple-A minor league affiliate moving from Pawtucket, Rhode Island to Worcester, Massachusetts.
Not only will the City be gaining a new sports team, Worcester and its thriving Canal District will also be […]
How The DCU Center Helped Worcester Become The Hottest Metropolitan City In New England (Hint: Success Doesn’t Just Happen)
John Harrity – Vice President
May 2019
The DCU Center opened as the Centrum in September 1982 with the hottest entertainer at the time – Mr. Frank Sinatra and the morning newspaper headline proclaimed “No More Little Town Blues”. Thirty-seven years later, the venue’s value to the community has been demonstrated consistently in […]