WORCESTER, MA-Middlesex Savings Bank has sold the remaining development rights for 86 acres of parcel on Salisbury Street in Worcester. The bank has sold the site to Southborough, Massachusetts-based Capital Group Properties for $2.25 million.
The Salisbury Hill site was originally approved for a 280-unit, age-qualified community and 80 townhome units are already built and sold. An additional 200 units, containing 100 flats and 100 townhomes, are approved as part of the master plan. Colliers International handled the sale. For the full story, go to Boston Business Journal .
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