Worcester Business Journal

wbjournal.com | July 23, 2018 | Worcester Business Journal 5 B R I E FS Front Street apartments completed; 26% leased Final construction has been complet- ed on the 145 Front at City Square de- velopment in downtown Worcester, with about one-fourth of apartment units under lease agreements, the contractor announced in July. e development, which started leasing in February, has leased 97 of 368 apartments. e Front Street develop- ment marks a key point in the transi- tion of downtown Worcester from the former Galleria mall site to a neighbor- hood where city leaders hope to create vibrant streets lined with people who work, live, shop or dine there. e two apartment buildings are the first newly built residential development in down- town Worcester in decades. e first 240 units opened in February on the Front Street side of the develop- ment, and another 128 on the Franklin Street side this spring. e $90-million project was built by Erland Construc- tion of Burlington and developed and managed by Roseland Property Co. of Malden. With luxury features that aren't as typical in Worcester, 145 Front at City Women leadership: All or nothing Worcester insurer Fallon Health – a company whose workforce is 81-percent women – on July 10 announced two new hires into its executive team: Carolyn Langer as chief medical officer and Mary Ritter as senior vice president of strategy and business development. e new hires makes the 10-person Fallon executive team 50-percent women. When polled online, the majority of WBJ readers said their company's leadership was at least one-third female. F L AS H P O L L What portion of your company's executive team are women? Less than 10 percent 34% "Actually there are now no women on my company's executive team." COMMENTS: "In this day and age, if I didn't hear about it so much in the media, I'd be surprised to hear that people are still so caught up with this gender difference issue." "Only the brainwashed rope-a-dopes care. Why care about sex, race, or religion as long as the most qualified people are chosen?" 50 percent or more 46% 30 to 49 percent 8% Square could prove a test to see how much demand to live in downtown has grown as new restaurants and resi- dences have dotted the neighborhood. Rents at 145 Front start at $1,465 for a 491-square-foot studio. One-bedroom units range from $1,535 to $1,950, and two-bedrooms range from $1,950 to $2,490. Across Worcester, median rent for a one-bedroom unit was $1,280 in June, according to the real estate website Zumper. Boston rents averaged $2,320. Download the 2018 Book of Lists! Worcester Business Journal WBJ DATA CENTER n New lists for 2018 n Exclusive access to extended lists n Excel format lets you easily sort, merge and import data Sponsored by: ACCESS THE LISTS TODAY! Order now at www.wbjournal.com/lists 10 to 30 percent 12% 145 Front Street at CitySquare in Worcester Continued on next page

• Cover