Worcester Business Journal

18 Worcester Business Journal | June 10, 2019 | wbjournal.com HE SAYS "GOODBYE" ...AND I SAY "HELLO." Fitzpatrick Sullivan We are pleased to announce that James Sullivan has assumed the duties and responsibilities of President of The O'Connell Companies. As part of our long-term succession and transition plan, Dennis Fitzpatrick will remain as the Chair of the Board through the end of 2019. Jim moves to this position of leadership after more than three decades of increased responsibility and accomplishment with the company. In addition to his responsibilities as Treasurer of The O'Connell Companies, Jim is the managing partner for NEFCO and the president of O'Connell Development Group, our real estate development company. In each position, Jim has grown and improved our company while maintaining a commitment to The O'Connell Companies' core principles and values. We are fortunate to have a leader with Jim's capabilit ies and long standing commitment to The O'Connell Companies leading us forward. D A N I E L O ' C O N N E L L' S S O N S | A P P L E T O N C O R P O R AT I O N | N E F C O | O ' C O N N E L L D E V E L O P M E N T G R O U P | W E S T E R N B U I L D E R S 800 Kelly Way Holyoke, MA 01040 800-255-0235 theocconnellcompanies.com Designed to look great on all your devices, our new site helps you get more informed and connected to Central Mass business Visit WBJournal.com to see what's new. WBJ Worcester Business Journal OUR NEW WEBSITE IS LIVE! F O C U S A R C H I T E C T U R E & C O N S T R U C T I O N and timelines have been answered, said O'Brien, pegging the cost at a mini- mum of $13 million for core and shell reconstruction and a timeline of about a year. How these three monumental proj- ects fit together in a busy intersection will be the city's burden, but WinnCos. has agreed to maintain a World War I memorial in a public courtyard in front of the building. WinnCos. is already an established entity in Worcester, having redevel- oped several properties into residential developments, including the adjacent Voke Los in the former Worcester Vocational Technical High School. e proximity of those two proper- ties could help make the project work. "For a hometown boy, I'd love to be a part of something like this project," O'Brien said. The time is right According to Augustus, Lincoln Square is one of the only remaining large swaths of land in Worcester in critical need of redevelopment activity. Others have been checked off the list in recent years. Worcester Regional Air- port now offers flights to four locations Continued from Page 17 aer having little commercial activity over the last decade, and a fih destina- tion is scheduled for flights to Detroit, starting in August. In perhaps the city's largest pub- lic-private redevelopment partnership, the former Worcester Galleria mall was transformed into a $565-million com- mercial and residential developments, a hotel and new retail and dining. Since last August, it's been all hands on deck as the city works with the Pawtuck- et Red Sox and Boston developer Denis Dowdle to redevelop more than 18 acres of vacant, underutilized or blighted real estate in the Canal District for an overall $240-million ballpark and mixed-use development. "One by one, these things have been renovated, repurposed and reinvigorated," Augustus said. "e Lincoln Square buildings are one of the last ones of those things." Elsewhere, smaller projects are taking shape, and those investors and develop- ers are largely coming from the wealthier Boston area, including all three owners of the Lincoln Square buildings. "Aer a while, we just stuck with it long enough and got the right folks at the right moment," Augustus said. "ere's enough energy in the marketplace that people are seeing more opportunities." W

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