News: Front Section
Posted: September 4, 2024
Construction of new affordable senior housing in Lincoln Square at former Worcester Boys Club commences
Worcester, MA F.W. Madigan Company (Madigan), Inc. is set to begin construction in early September on the Worcester Boys Club Project, which is to include a historic preservation and renovation of the 59,000 s/f former Worcester Boys Club building in Lincoln Square, along with construction of a new five-story, 63,000 s/f building which will be connected to it. The new building will be constructed in part over the Ernest A. Johnson Tunnel.
The project will create a mix of studio, one-bedroom and two-bedroom affordable homes for adults aged 55 and above. All 80 units have been designed with amenities of modern urban living and will have access to common features on the interior and exterior of the buildings, such as an exercise room, a multipurpose room, mail room, a garage, and two patios.
As the design-builder, Madigan brought Maugel DeStefano Architects onto the project to act as the design lead which included designing an environmentally sustainable new building which will meet Passive House Institute (US Phius) standards. Passive House standards require rigor in design, construction, testing and operating/ lifecycle sustainability of the building envelope and its operating systems.
Madigan CEO Jim Madigan said, “We are excited to begin this important project in the heart of the city. Over the period of the next 20 months, the view north from Lincoln Square will dramatically transform, as we will be constructing much-needed urban residences here in downtown Worcester. We are pleased to be working with the WinnCompanies of Boston, who is the developer of this project.”
WinnCompanies also developed and currently owns and operates an adjacent residential project, the Voke Lofts.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
