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Boston developer Trinity Financial plans to begin construction in March on the $53-million redevelopment of the former Worcester County Courthouse into an 117-apartment mixed-use Lincoln Square complex. Another large Worcester downtown housing development, the 145 Front at City Square apartment project, opened last year, and about 160 of the total 368 units remained available as of early January, with rents starting at about $1,500 for a 491-square-foot studio apartment.
Does downtown Worcester have enough demand for all the new housing coming online?
Comments

01/31/19 AT 12:06 PM
Worcester is about value. High rents aren't going to support the area. People are afraid of downtown Worcester. Nobody walks outside after dark.

01/31/19 AT 12:06 PM
However, most of the housing being developed so far in downtown is not at all affordable for "middle class"

01/29/19 AT 03:31 PM
Front St. is selling at close to $400-$500 above the 4-5 star submarket comps according to CoStar. Developers need to stop tracking Boston rents and think about the local market since you will never get enough Boston commuters to relocate.

01/29/19 AT 03:31 PM
The demand for housing will increase if there were more businesses downtown catering to the needs of the residents. They need more than restaurants. The city is working on improving downtown however they still need to address the duel tax rates.

01/29/19 AT 03:31 PM
Worcester still has an image to shed. It is getting better but it is still not at the level of a Boston or Providence.

01/29/19 AT 03:31 PM
145 Front Street isn't a benchmark for demand. The buildings are uninteresting at best, if interesting they would rent. It was the wrong project for Worcester. The old Voke rented quickly as did the project on Water Street, which is now being sold as condos. 145 Front was a missed opportunity for the city. Design review by local professionals in needed.

01/29/19 AT 03:31 PM
I mean, I know it's risky and all, but do they have special rates for college students or recent college grads at any of these places with vacancies?

01/29/19 AT 03:31 PM
145 Front Street has only been open since the Fall. Were people expecting it to fill up overnight?

01/29/19 AT 03:31 PM
$1500 for a studio apartment?!? Who can afford that on a Worcester salary? I get that developers are all about luring Boston employees to Worcester to live, but how about creating some housing that WORCESTER employees can afford? People don't want to commute an hour and more to work. They want to be able to afford to live where they work.

01/29/19 AT 03:31 PM
My no reply is due more in part to developers being realistic about what they're offering. Right now, the vast majority of new housing available in downtown Worcester is rental property. There are little to no opportunities to purchase condos or other housing options in the downtown center. I would actually move to downtown Worcester if there was an opportunity to purchase something.
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