December 7, 2016

Developer terminates $1.2M Worcester courthouse sale

File photo
A New Hampshire developer has terminated plans to redevelop the former Worcester County Courthouse into apartments and retail space.

The city of Worcester is seeking a new buyer for the former Worcester County Courthouse after Brady Sullivan Properties terminated its sale agreement to buy the former Worcester County Courthouse from the city.

"Since this agreement was announced, Worcester has seen multiple residential projects launched in and around downtown, and I'm confident the demand is there to find a quality developer in short order," City Manager Ed Augustus said in a statement.

Brady Sullivan agreed to purchase the former courthouse in 2015 for $1.2 million, with plans to convert the building into a projected 115-market-rate residential apartments with 3,000 square-feet of retail space, according to the city. As part of the agreement, the city will retain a $120,000 deposit.

The former courthouse, listed on the National Register of Historic Places, has approximately 250,000 square-feet of space on 4.28 acres at the intersection of Main and Highland streets.

The city took over the vacant former courthouse from the Commonwealth of Massachusetts for $1 on Aug. 6, 2014. The state tried for more than five years to find a buyer for the property but was unable to attract interest, according to the city.

Much of the required environmental cleanup of the property is already complete, with $2 million in remediation work paid for by the the state. Another $1 million in state-funded work remains to replace windows, which will be done in concert with a future developer.

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