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
June 22, 2026 - 11:24
North Rock Real Estate Acquires Rochester Crossings Commercial Center For $8.98MNorth Rock Real Estate has closed on the acquisition of the Rochester Crossings commercial center, a retail hub located at 3780 Marketplace Drive. The deal, valued at $8.98 million, was completed...
June 21, 2026 - 22:19
Chartiers Valley area real estate transactions, week of June 21, 2026A Bridgeville church property changed hands last week, highlighting a period of steady activity across the Chartiers Valley area. The Bridgeville First Baptist Church sold its building at 665 Bower...
June 21, 2026 - 05:05
Dreamy $7 Million Colorado Ski Town Estate Features a Secret Luxury Perk You Can't Build TodayA sprawling estate in Crested Butte, Colorado, has hit the market for $7 million, and its most valuable feature is something you simply cannot build today. The property sits directly on the banks...
June 20, 2026 - 22:21
'Masterfully Designed' Glass House Perched on the Edge of DC's Rock Creek Park Is an 'Urban' Tribute to Frank Lloyd WrightA striking glass house perched on the edge of Washington, D.C.`s Rock Creek Park is being called an `urban` homage to the legendary architect Frank Lloyd Wright. Built in 2004, the residence is...