Worcester Poised To Reaccelerate Its Growth Momentum

William D. Kelleher, IV – Principal
June 2020
Before 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.

2020-06-29T20:38:11+00:00

Worcester Has Momentum and Outside Developers Are Paying Attention

James G. Umphrey – Principal
January 2020
We’ve seen it in cartoons. The kids on snow days do the field research. A snowball starts rolling from the top of a hill, gaining speed and mass along its journey. At a certain point, the sheer momentum appears to be doing the work, creating the magic that spurs the growth and the fuel. Worcester’s downtown development is starting to look like that snowball.

2020-05-19T14:55:33+00:00

Worcester Real Estate Podcast: Craig Blais, President and CEO of WBDC

October 2019 Join the Worcester Real Estate Podcast host Chris Naff as he speaks with Craig Blais (WBDC) about Worcester’s “incredible renaissance” and why he believes “it is definitely our time now”. 0:50 ...What’s been driving Worcester to have the recognition it’s gotten? 2:20 ...Twenty years ago, when a group of architects from Maine were [...]

2020-02-16T16:21:20+00:00