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The Menkiti Group, a Washington D.C.-based developer which has been acquiring and redeveloping several underused properties throughout downtown Worcester, has officially acquired 526 Main St.
Having been pummeled by rainfall in recent days, residents of Franklin County were dealing Tuesday with flooded basements, washed out driveways, roads that have basically turned into rivers and the loss of entire farms' worth of crops.
MassDevelopment has expanded its Property Assessed Clean Energy Massachusetts program, once available only to existing buildings, to include new construction projects.
Bay Staters will remain unable to wager on the Saudi-backed LIV Golf after gaming regulators on Tuesday rejected an application to open it up to sports betting ahead of an anticipated merger.
Workers who are on strike for more than 30 days could be eligible to receive unemployment benefits under legislation that union members say is necessary to ensure collective bargaining talks are fair and balanced.
Researchers at UMass Chan Medical School will lead a multi-institute center aiming to reduce and prevent suicide through the use of technology.
Worcester Polytechnic Institute Professor Erin Ottmar received a $667,617 grant to launch a three-year study of how visual cues can be used to improve algebra learning.
An affiliate of Equipment East, a Dracut-based heavy construction equipment sales company, purchased an industrial property off of Route 20 in Auburn for a new location.
The owners of Canton-based Prestige Car Wash and Gas bought a portion of a Milford shopping plaza for $4.7 million. They plan to build a car wash on part of the site.
Family Health Center of Worcester has received $2.9 million from the Massachusetts Executive Office of Health and Human Services, part of the agency’s Community Health Center capital grant investment program.
In an effort to increase the pace of new housing development in Massachusetts, Gov. Maura Healey has proposed streamlining the environmental review process for certain new housing projects, with the goal of reducing the time spent on the process from about one year to 30 days. Environmental reviews are a hallmark of community planning, to ensure new development doesn't negatively impact surrounding properties or natural resources, even though the process does add significant time and often cost to projects. Healey's proposal comes after Massachusetts fell behind the national average in new housing production, despite adding 90,000 new units since she became governor in 2023.
New England already averages the longest timeline in the nation to build a single-family home once the developer has been giving the authorization to move forward with construction, according to U.S. Census statistics compiled by the National Association of Home Builders. In 2023, single-family homes in New England averaged 13.9 months from permit to completion. The South Atlantic states have the lowest average of 8.9 months while the region that includes Texas, Oklahoma, Arkansas, and Louisiana is the second quickest at 9.4 months. The second-longest average after New England is the New York, New Jersey, and Pennsylvania region, which takes 13.2 months.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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