Worcester City Square scores $42M loan
Roseland Rendering
This rendering shows the type of architecture the Roseland site will have.
The developer of the 237-unit apartment complex in Worcester' City Square has secured a $41.5-million construction loan from Citizens Bank.
The apartment complex, to be called 145 Front @ City Square, is the first phase of a residential development that will also include 128 residential units and a parking garage, according to developer Roseland that is a subsidiary of Mack-Cali Realty Corporation. Construction on the project began in November.
The first phase will include approximately 12,000 square feet of indoor amenity space as well as a courtyard with a swimming pool, fire pit, BBQ grills and dog run. At full build-out, according to a release from Citizens, the entire Roseland project is expected to include two four- and five-story residential buildings with a total of 365 units, 402 parking spaces and approximately 11,200 square feet of street-level retail.
The project is part of the 12-acre master plan City Square that will include a 150-room hotel (currently under construction), a recently completed 65,000-square-foot St Vincent Hospital medical facility, a recently completed 214,000-square-foot office tower occupied by Unum Insurance, as well as future parking garages, office space and street-level retail.
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