Developer behind two Worcester projects, including at former Notre Dame site, trying to sell downtown property
Photo | Grant Welker
3 Eaton Place in Worcester
The owner behind two high-profile downtown developments, including at the former site of the Notre Dame des Canadiens Church, appears to have gotten into financial trouble with the City of Worcester and is looking to unload one of the properties.
The proposed apartment building in the heart of Worcester’s downtown CitySquare project area appears to be off the table, as the property has been re-listed for sale and the City of Worcester has filed a municipal lien on two parcels owned by the proposed developer of the property for unpaid property taxes and other financial obligations.
Foresight Capital, the Rhode Island-based property development company that owns 3 Eaton Place, had planned on constructing a seven-story building with 145 apartment units and 19,000 square feet of commercial space designated for a grocery store and restaurant space.
Now, the 3.91-acre lot has been re-listed for sale with an asking price of $5.25 million, according to a post on LoopNet, a real estate listing website. Foresight bought the property for $5 million in April 2022, according to City of Worcester property records.
The City has filed a municipal lien on the property with the Worcester District Registry of Deeds for unpaid financial obligations totalling $35,181. Documents submitted to the registry show Foresight Capital owes $33,819 in unpaid property taxes and $1,362 in other unpaid obligations to the City.
A lien has also been filed for 5 Salem Square, the former site of the Notre Dame des Canadiens Church, which was demolished in 2018 and is also owned by the same developer. Foresight owes the City $106,252 for unpaid taxes and other obligations on that property, according to Worcester District Registry of Deeds documents.
On the Notre Dame property, Foresight has proposed building a 163-unit mixed-use building featuring 28,000-square-feet of commercial space. The company has not re-listed that property for sale.
Foresight could not be reached for comment by WBJ.
The 3 Eaton Place property is currently a grass lawn located above the Worcester Common Garage. The property was originally part of the Worcester Galleria mall, which closed in 2006 and was later demolished. The area has since been designated as the CitySquare project area, a location where the City has invested $90 million to help foster redevelopment of the area, according to the City’s website.
The proposed housing development at 3 Eaton Place is at least the second property in Worcester in the last four months originally destined for a housing development but is now back on the market. In December, 139 Green St., the former site of Smokestack Urban BBQ intended to be the third phase of the Table Talk Lofts project, was re-listed for sale.
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