Worcester Business Journal
The 5.3-acre property of the former Lady of Mount Carmel Church on Mulberry Street in Worcester sold for $5.6 million.
The sale is the culmination of a five-year effort which required Vatican approval, said Higgins, who represented the seller in the transaction with Kelleher & Sadowsky President Jim Umphrey. In 2016, Bishop James McManus closed the church due to safety concerns and efforts to sell the property began the following year. In 2019, the church was demolished.
The buyer in Wednesday’s transaction was Wood Partners, a Georgia-based developer with offices in Lexington. Wood Partners announced plans in 2021 to develop the site into a five-story, 370-unit apartment complex at the site.
Construction is due to start on May 16 if all goes as planned, said Jim Lambert, managing director at Wood Partners’ Boston-area office. All of the proposed units will be market-rate, he said.
The Catholic Free Press first reported the news of the sale.
Higgins likened the project to 145 Front at City Square, a 365-unit complex in downtown Worcester completed in 2018.