Overview

Description

Kelleher & Sadowsky proudly presents an unparalleled development opportunity in Worcester - City Square. Nestled in the vibrant heart of downtown, this property has the potential to redefine the city’s skyline. Located at 3 Eaton Place, within an opportunity zone, it boasts structured parking beneath the land and is effectively pad-ready.

City Square thrives in Worcester’s most dynamic neighborhood. Surrounded by Class A residential, medical, and office complexes, as well as a lively nightlife scene, it epitomizes urban living at its finest. Positioned opposite the AC Marriott and renowned eateries like Ruth’s Chris Steakhouse, The Mercantile, and 110 Grill, it offers unparalleled convenience and access to Routes 190, 290, and 146.

The property benefits from zoning that permits multifamily development as of right, with approval for 145 units. Notably, this permit predates Worcester’s Inclusionary Zoning regulations, exempting it from mandatory affordable housing provisions. While zoning allows for a project of over 20 stories, the existing parking garage structurally supports approximately 12 stories of residential space. Thus, there is potential to exceed the current unit count, though any additional units beyond 145 may necessitate the inclusion of an affordable housing component.

City Square

Documents

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