Telegram & Gazette

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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.

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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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The redevelopment is proposed as 2.2 million square feet ofurban mixed-use development, upscale residences, retail andentertainment venues with additional life science and office space,according to the development website.To read the entire Telegram& Gazette article, click here.

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