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Real Estate

🔒Polar Park fund shortfall expected to exceed $2M by end of fiscal year

The letter said the shortfall was caused by the postponement of construction in the district, which Batista said was the result of an unpredictable market, high construction costs, and high interest rates.

🔒September brings more home sales to Central Massachusetts

Cassidy Norton, associate publisher and media relations director of The Warren Group, said September’s data represents an ongoing shift in the market.

🔒Wood Partners sells Alta on the Row in Worcester for $157M to Morgan Stanley

Alta on the Row, a 370-unit apartment community built in Worcester in 2024, has been sold to...

🔒What’s becoming of Chip Norton’s Worcester properties?

Four months after Charles “Chip” Norton filed for personal Chapter 7 bankruptcy, the prominent Worcester properties he was once the face of, as the managing director of Franklin Realty Advisors, have seemingly moved on without him.
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🔒Former Whole Foods plaza in Wayland to feature event hall, restaurants, Terrain store following $7M sale

Framingham-based Grossman Development Group purchased the former site of a Whole Foods in Wayland for $6.68 million,...

🔒MassDevelopment, feds provide $38M to preserve 73 affordable Worcester apartments

The combined $38 million in financing will be used to renovate and preserve 73 units of affordable housing located in 16 buildings.

New law bars homesellers from conditioning accepted offers on inspection waivers

Buyers do not have to conduct an inspection, but they are banned from letting sellers know before an offer is accepted that they intend to waive the home inspection.

🔒WBJ landlord seeks to convert Shrewsbury St. building into 44 apartments

The owners of a three-story brick building on Shrewsbury Street are looking to convert the building into a 44-unit apartment complex.
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🔒Wormtown Brewery landlord to develop 80-unit affordable housing complex in West Boylston

Worcester-based Branded Realty Group is developing a mixed-use site in West Boylston into a three-building site featuring...

🔒Trump Administration cuts $110M in funding for Westborough firm’s Kentucky plant

The funding cuts are the latest obstacle related to the Kentucky project Ascend will need to overcome.
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