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October 4, 2023

Three familiar developers submit bids to buy Worcester’s property off Shrewsbury Street

Photo | Timothy Doyle A Worcester Department of Public Works garage and municipal gas station at 29 Albany St.

Developers building three high-profile projects throughout Worcester have submitted bids to buy and revitalize City-owned property on Albany Street, off Shrewsbury Street currently used by the Department of Public Works & Parks.

New York City developer Criterion Group, Atlanta-based Wood Partners, and Worcester’s GoVenture Capital Group all submitted bids by the Friday deadline, though the plans they submitted are being reviewed and are not yet public, said Worcester Media and Public Relations Administrator Tom Matthews.

Criterion Group, which is redeveloping the former site of Showcase Cinemas Worcester North into a 150,000-square-foot logistics center, submitted a bid of $6 million.

Wood Partners, the builder of the 370-apartment complex Alta on the Row at the former site of Our Lady of Mount Carmel Catholic Church, submitted a bid of $4 million.

GoVenture Capital Group, the developer behind the 364-unit Franklin Lofts project on Franklin Street, submitted a bid of $1.9 million.

The request for bids follows the release of a study commissioned by the City of Worcester into how to make better use of City-owned property and improve zoning and transportation options in the Shrewsbury Street area.

Shrewsbury Street has been the subject of much attention from developers with hundreds of apartments planned by developers like Auburn-based Lundgren Equity Partners and developer and restaurateur Weidong “Wilson” Wang.

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