Telegram & Gazette
CitySquare II LLC, a subsidiary of Opus Investments of theHanover Group will become the new owner of the development parcelson the 20-acre project, which is set to revitalize downtownWorcester. Part of the project involves raising the vacantWorcester Common Outlets mall and adding city streets around thenew construction.
Currently, Berkley was set to commit $470 million, while publicfunds were estimated at $93 million. The first major lease fromUnum, is reportedly under negotiations and still a go, despiteBerkley's partial exit as the main developer.
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