Mill Street apartments, renovated after 2022 roof collapse, sold for $8.6M
Photo | City of Worcester Assessor
267 Mill St., Worcester
The 32-unit apartment building at 267 Mill St. — site of a 2022 roof collapse which sparked a legal battle between tenants and the then-owners — has been sold to a new owner for $8.64 million.
Michael Ermani, a Worcester property developer and head of Premier Investment Properties, purchased the five-acre property.
The sale finalized on Thursday, according to Worcester District Registry of Deeds records. Ermani purchased the property from an entity managed by Bechara and Michelle Fren of Fren Management in Billerica.
The pair bought the property for $5.8 million in June 2022 from Minh and Robert Mailloux of Worcester. A month later, construction materials collapsed the roof, displacing around 80 residents.
Fren Management then sought a housing court order allowing them to remove or discard items left in the building by residents. This was followed by countersuits by tenants, who objected to how Fren Management was handling them and said they felt rushed to collect their belongings in unsafe conditions, according to The Worcester Telegram & Gazette.
The three-story building has since been transformed since, according to Ermani, a complete renovation involving new sprinklers and elevators. This is what sparked his interest in the site, he said.
“They went through the whole entire building, it's pretty much a new build.” Ermani said. “My ownership will be pretty much just like the other properties we own in Worcester. We take care of these properties.”
Ermani said he is on track to purchase around 200 units in 2025, which includes residential buildings at 2 Delldale St., 201 Dewey St., and 13 Elizabeth St., purchased in June. He said he aims to provide high-quality apartments which are still more affordable than the larger new developments in Downtown Worcester. Ermani said he has a few more deals in the works for this year.
Originally constructed in 1989, the building is about 36,000-square-feet. The site received a 2025 tax assessment value of $5 million, according to City of Worcester property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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