2020 Power 50: Kathryn Krock
Kathryn Krock, managing member Central Building Development Group
- Title: Managing member
- Organization: Central Building Development Group
- Located: Worcester
- Residence: Worcester
- College: Drexel University
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Looking at the major development projects in Worcester: The Mercantile Center was redeveloped by a Wellesley-based firm, the Grid District is the work of a Quincy company, and two other Boston companies are behind the redevelopment of the old Worcester County Courthouse in Lincoln Square and planned improvements at the Worcester Plaza tower.
It’s a Worcester group, though – the Krock family, led by Kathryn – behind the Central Building Development Group, which brought 55 apartments to a long-underutilized building at 332 Main St. in 2019, a $26-million project including two important businesses for the neighborhood on the ground floor: a grocery store (the Maker to Main market) and a child care center (the Strawberries Early Learning Center). The same company in 2018 bought the vacant 300,000-square-foot office building on Chestnut Street for $1.9 million. The family also owns the adjacent Commerce Building at 340 Main St., with more than 300,000 square feet of office and retail space.
What makes Central Mass. unique? Central Mass. is a great value. Over the past decade, investment in the infrastructure and the commitment to culture has brought smart investors and families to the region. There is such a sense of comradery and support. The people genuinely want to see others and the region succeed.
Classy & chic: Before I started my career in real estate, I studied to be a fashion designer.
Power 50: View the entire Power 50 Class of 2020
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