This parcel consists of 17 acres right off Route 290 and 146.
Feldco Development emerged with conceptual plans to turn the
site into a $55 million mix of retail, office and residential
components. Feldco wanted to model the site after Eagle Square, a
development it did in Providence.
The only
thing that was needed was a zoning change from manufacturing to
business-general, BG-6, in order to build a $55 million complex of
shops, offices and condominiums. The Worcester Planning Board rejected
the zone change, Feldco left and the parcel remains vacant.
_________________________________________________________________
Editor's Note:
To all those comments that ask if we wanted to keep this land polluted and empty???
Maybe if we had simply done the zone change, like we did for Madison, we would have received development offers without having to build a $175 million baseball stadium???
Comments
I am not defending Madison but I was just thinking about the timing of other market rate housing that may come on line around the same time as the second residential building and the geography of those housing units. The Mt Carmel and the Cove apartments, if they commence construction as proposed, will be available just before or around the same time as the second residential development. Mt Carmel appears to have ample parking but the Cove does not, but both are within a close walk to Union Station if you work in Boston and can commute. Both are located on streets with lower traffic volume, Mulberry and Green, with more direct access to amenities. If the rents are equivalent for all 3 buildings I think Mt Carmel and the Cove would be head and shoulders ahead of Madison. This all assumes the market is the same as it is now. I think I would be cautious before committing.
Sent an email to the city manager asking him when the proposed hotel across from Union Station is going to break ground. I think it's been four years we've been waiting!!
That is the same developer that built Homewood Suites across the street. First Bristol
Obviously the pandemic had a giant effect on the proposed new hotel but I also hear that the site is riddled with all kinds of utilities and easements that the city needs to clear before the deal could happen. Why wasn’t that getting done? The city spend 100% of its time on ballpark things and now ballpark fallout
If the city wanted to make that new hotel a priority, it would. It’s a developer that has already proved it can start and finish successful projects. The evidence is right across the street from this parcel.