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The developer building the new home of the Worcester Red Sox has dotted his i’s and crossed his t’s, finalizing a deal last week for the team’s new stadium near Worcester’s Kelly Square.

The Wyman-Gordon Co. finalized the sale of the 18-acre parcel last week. The property was sold to developer Denis Dowdle’s Boston-based Madison Downtown Holdings LLC, which plans to redevelop the former industrial site. The project includes plans for a new apartment building, two hotels, retail space, restaurants and a 10,000-seat ballpark that is slated to become Polar Park, the future home of the Worcester Red Sox.

“We’re thrilled to officially close the sale and help this exciting revitalization project move forward,” Wyman-Gordon manager of property services Ronald Brooks said in a statement. “Wyman-Gordon has a rich history in Worcester, dating back to the 1800s, and it will be gratifying to see our property be reborn into a new centerpiece of the community. We’re confident this transaction will result in positive economic impact on the area for generations to come.”

Madison Downtown Holdings signed the original purchase agreement in May 2018. Prior to that, Wyman-Gordon had readied the site with the demolition of former factory buildings, ground leveling and cleanup to prepare for a potential buyer. The ownership transfer became official on March 29, 2019.

Wyman-Gordon was represented by Todd K. Helwig, partner at Mirick, O’Connell, DeMallie & Lougee, LLP.