Worcester Developments Boosted by State Aid
Two Worcester real estate developments in progress are sharing a $1.3 million boost thanks to a state program. This is part of larger packets of programs equaling up to $22 million dollars.
Two Worcester real estate developments in progress are sharing a $1.3 million boost thanks to a state program. This is part of larger packets of programs equaling up to $22 million dollars.
For-profit multifamily developers that have shied away from Massachusetts’ Gateway Cities because their rents didn’t support the cost of new construction are betting on Worcester’s economic and population growth to push projects across the finish line.
With its biotech incubators nearly full and biomanufacturing developers building out new production facilities, Worcester is looking to fill the missing link in its life science ecosystem.
Boston Capital Development is shifting from acquisitions to a multifamily development strategy, including a high-profile project that could bring hundreds of apartments, and Rich Mazzocchi is in the driver’s seat of the transition.