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.


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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.