If I can read the render images correctly, it looks like they are going to close down the very end of Southbridge St. Is that correct?Redevelopment of Federal Square downtown in front of the Hanover theater. Trees, amphitheater, and fountain are gone.
This was the first time I've been able to see the renovations to the Union Station, up close. It was worth the effort.
Happy to see these fill up, but the fact that the building has zero street activation on the Foster and Franklin intersection is a huge miss, imo. It just kills any chance of making that intersection more vibrant, and still makes it feel like Canal District and downtown are two separate neighborhoods, when ideally they should be a conjoined pedestrian experience.145 Front apartments nearly full, developer says
"The parent company of the developer of 145 Front Street said the 365-unit apartment building is now 99.5% leased, according to a second quarter earnings report.
The stabilization of the apartment project comes after the company had run promotions on social media to encourage new leasing, including two months of rent-free living."
^Wow. How dare they remove that beautiful, modern corrugated metal facade! (Makes you wonder: WTF were they thinking back then!?)204 Main Street, which has been bought for $860K by the Menkiti Group, has lost its hideous corrugated iron facade. Windows and arches are revealed behind it. Even in this unrestored state it’s a massive improvement to the streetscape.
Full ArticleMenkiti Group seeks tax relief for $9M renovation of Performing Arts School
The Menkiti Group is hoping for a tax-increment exemption plan for a $9-million, 24-unit market rate apartment project at the former Performing Arts School of Worcester.
The company, based in Washington, D.C. with Worcester connections, is proposing 18 one-bedroom apartments and 6 two-bedroom apartments for the new project, dubbed Chatham Street Lofts.
The 40,000-square-foot, six-floor building facing the street and a four-story brick portion in the rear of the property has been nearly vacant or underutilized for two decades.
The Menkiti Group is marketing the 6 Chatham St. property to young professionals, students and empty nesters who want to enjoy the Theatre District in downtown.
A proposed tax plan calls for a 60% exemption for 12 years and allows the Menkiti Group to apply for investment tax credits from the Massachusetts Department of Housing and Community Development.
Four one-bedroom units will be constructed in the six-story portion of the building, and 15 studio and one-bedroom units will be built in the four-story portion, including five two-story townhouse-style apartments.
Full Article...The project, in its infantile planning stage, is the most ambitious, as it calls for a 300-seat IMAX-style theater, a 2,000-seat performance space in the main auditorium, restaurants, and space for e-sports events and digital arts entrepreneurs.
Becker College, previously rumored as a possible tenant due to its growing e-sports progam, reached out to AHF to look at the building as an e-sports venue. After some research, McDonnell and his firm agreed.
“They impressed upon us that there was an incredible opportunity happening in that market that we didn’t see,” he said.
However, AHF is at least two years away from doing any work, as partners and funding must be obtained, according to a deal between the firm and the city.
Full ArticleMission Chapel developer seeks 40% tax exemption
By Zachary Comeau
The developer proposing a market-rate housing redevelopment of the former Mission Chapel in Worcester is slated to receive a 40% tax exemption over eight years.
According to documents from City Manager Edward Augustus’ office, Traggorth Cos. will pay $124,876 over the eight-year agreement with $83,250 in savings, per an agreement designating the project as Housing Development Certified Project.
The deal will go before the City Council on Tuesday night for approval.
The calculation is based on a projected assessment after the project of about $1.3 million.
The Boston firm purchased the site in May for $338,000 and plans to invest $4.1 million into the site.
Of the seven apartment units, four will be one bedroom, two will be two bedrooms and one large three-bedroom apartment will be constructed in the main chapel area.
Construction will not begin until fall 2020 as the developer is seeking historic tax credits. Anticipated completion is summer 2021.