Worcester Business Journal

wbjournal.com | July 22, 2019 | Worcester Business Journal 7 SBA LOAN Contact Tom Farley, Chief Commercial Banking Offi cer at 508-315-5344 or thomas.farley@middlesexbank.com EQUAL HOUSING LENDER MEMBER FDIC MEMBER DIF HELPING YOU GROW YOUR BUSINESS IS OUR BUSINESS. Middlesex Savings Bank's commercial bankers have the freedom to off er more creative approaches to meeting your business' fi nancial and strategic objectives. That makes us a fi nancial partner that's truly invested in your success. With just under $5 billion in assets, we handle everything from complex fi nancing to everyday banking services. $9,962,000 CONSTRUCTION TO PERMANENT FINANCING Industrial/Distribution Hudson, NH $2,500,000 TERM LOAN & LINE OF CREDIT Behavioral Care Watertown, MA $4,000,000 LINE OF CREDIT Industrial Products Distribution Newton, MA $3,936,000 COMMERCIAL MORTGAGE Hotel Lee, MA $1,245,000 LINE OF CREDIT Residential Construction West Boylston, MA $3,472,000 TERM LOAN Network Technology Framingham, MA *Planned opening Source: Respective markets/developments with Crompton Place next door, a con- verted mill home to Crompton Collec- tive, BirchTree Bread Co., Haberdash and Seed to Stem, among others. Fletcher already has a major tenant lined up in Wachusett Brewing Co., which is planning a 3,000-square-foot taproom. Other tenants are slated to include a second location of the clothing and gi store Worcester Wares, along with food vendors selling Vietnamese, Mexican, ice cream and pasta, along with a deli, and potentially seafood. Christian McMahan, Wachusett's president, said the beermaker's taproom opened last year in Westminster was so popular with those who found a deeper Boston Public Market Boston 2015 35 food and artisan vendors across 28,000 square feet, next to the Haymarket MBTA station Eataly Boston Boston 2016 45,000-square-foot market includes three restaurants, 10 takeaway counters, two cafès and a cooking school Bow Market Somerville 2018 30-plus food, art and retail vendors and a comedy club in Union Square Time Out Market Boston 2019 15 restaurants and cafes and a demonstration kitchen across 25,000 square feet, two blocks from Fenway Park Plant City Providence Providence 2019 Seven vendors selling plant-based products, and community space Worcester Public Market Worcester 2019* 18,000 square feet anchored by a Wachusett Brewing Co. tap room, with Worcester Wares retail and Vietnamese, pasta and other food vendors High Street Market Boston 2019* 18,000 square feet with 22 local vendors and seating for 400, at the base of two office towers Hub Food Hall Boston 2019* 25,000 square feet with 17 food stalls and 500 seats, next to TD Garden and North Station Rock Row Beer Portland, 25,000-square-foot beer and food hall with seating for and Food Hall Maine 2021* more than 500 The Beat Boston TBD Food hall is part of planned 695,000 square-foot redevelopment of the former Boston Globe headquarters into a mixed-use development Market Location Opened Details connection to the brand that Wachusett quickly determined it should find simi- lar opportunities elsewhere. "We are always trying to move the brand forward and evolve," McMahan said, "and we saw that as a great oppor- tunity to plant a flag in what we thought was a really unique vision in terms of a public market in Worcester." Wachusett's plans for the market including brewing special beers it won't offer elsewhere. Wachusett has been choosy about where it expands but found the food hall to be the right fit. "e taproom plays into it because it's rooted in authenticity," McMahon said. Fletcher began work just before New England food halls For decades, Boston's Quincy Market was the lone notable food hall in New England. In recent years, food halls and public markets hosting a range of restaurants, farm and other food and drink vendors are becoming far more common in Boston and other cities in New England. three massive projects that'll reshape the neighborhood: the $16-million overhaul of Kelley Square, the construc- tion of $101-million Polar Park, and a $140-million mixed-use development on the ballpark property slated to bring hotels, shops, offices and apartments just a few blocks away. Fletcher, a past president of the neighborhood group the Canal District Alliance, laments the inconvenience the Kelley Square construction will bring and doesn't expect the ballpark to make or break the Worcester Public Market. "It's not going to be our silver bullet," he said. Although still under heavy construction, the Kelley Square Lofts and the Worcester Public Market are slated to open in the fall. W

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