Major Residential Development Site in Worcester Sold for $16.55 Million
April 16, 2025 - 07:58
WORCESTER, MA – A significant residential development site located near Worcester’s Union Station has been sold in a multimillion-dollar transaction. The site, which is poised for a 364-unit apartment project, was acquired for $16.55 million. This deal marks a pivotal step towards enhancing the housing landscape in the area, catering to the growing demand for residential units in Worcester.
The partnership behind the acquisition includes The Michaels Organization and Worcester-based GoVenture, both of which are committed to revitalizing urban spaces. The planned development is expected to provide much-needed housing options and contribute to the local economy by creating jobs during and after the construction process.
As Worcester continues to evolve as a vibrant urban center, this project aligns with broader efforts to increase residential offerings and improve the quality of life for its residents. The new apartments are anticipated to attract a diverse range of tenants, further enriching the community.
MORE NEWS
November 20, 2025 - 14:03
Supreme Court Decision Casts Doubt on Milan's Real Estate Corruption InvestigationIn a significant ruling, the Supreme Court has upheld a previous judgment that raises serious questions about the ongoing corruption probe into high-profile real estate developments in Milan. The...
November 19, 2025 - 23:53
Local Investors Expand Portfolio with New Office Acquisition in Downtown Palo AltoLocal real estate investors have successfully acquired an office building located directly across from another property they already own in downtown Palo Alto. This strategic purchase reflects a...
November 19, 2025 - 00:15
Surge in Canadian Investment in U.S. Real Estate in 2025Canadians are investing in U.S. real estate at record levels in 2025, citing better returns, mortgage options, and landlord protections. This trend has been driven by a combination of factors,...
November 18, 2025 - 12:38
MCB Real Estate Expands Its Holdings in Station North Arts DistrictIn addition to Baltimore’s new Ynot Lot, MCB Real Estate owns two other properties along Maryland Avenue in the Station North arts district. This vibrant area is known for its rich artistic...