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
September 19, 2026 - 10:48
Sand `N Sea Properties appoints new real estate brokerSand N Sea Properties has announced the appointment of Paula McDonald as its new real estate broker. In her new role, McDonald will oversee brokerage operations, lead agent development and support...
September 18, 2026 - 19:13
L.A. Mayoral Challenger Slams Karen Bass' Housing Record: 'We've Made It Too Difficult To Build'Los Angeles City Councilmember Nithya Raman is taking direct aim at Mayor Karen Bass over the city`s housing record as she campaigns to replace her in the upcoming election. Raman argues that the...
September 18, 2026 - 02:37
Today's Mortgage Rates, Sept 17: 30-Year Fixed Stays Above 7% After Fed's First Hike in 3 YearsThe average rate on a 30-year fixed mortgage moved higher on Sept 17, reaching 7.01 percent after the Federal Reserve announced its first rate hike in more than three years. The increase marks a...
September 17, 2026 - 06:20
Wallace Real Estate supports Knox Heritage Scruffy City SoiréeWallace Real Estate threw its support behind Knoxville`s history and the push to protect its one of a kind spaces by serving as a table sponsor for the 2026 Knox Heritage Scruffy City Soiree. The...