Worcester Business Journal

wbjournal.com | January 11, 2021 | Worcester Business Journal 5 B R I E FS Worcester's Piccadilly Plaza sells for $3.2M Piccadilly Plaza, a small shopping center at the east end of Worcester's Shrewsbury Street, has sold for $3.2 million to a buyer from Franklin. e plaza, which once hosted a Piccadilly Pub restaurant, includes Terra Brasilis restaurant, Bella's Bridal Boutique, Audiology Affiliates and Paul Conzo Day Spa and Hair Salon. e plaza's new owner is a limited liability corporation registered to Joseph Evans of Franklin. e seller was WCM Enterprises of Fort Lauderdale, Fla. e deal closed Dec. 11. Proposed Dudley pot facility moves forward Marijuana company DMA Holdings hopes to begin work on a 175,000-square-foot property located at 35-37 Chase Ave. in Dudley as soon as January, where it aims to develop an extensive cultivation, manufacturing and retail business in an old mill complex along the French River. DMA Holdings is led by CEO Joseph Villatico, a Webster native who in 2018 co-founded a Colorado CBD company, . Dudley's planning board officially signed off on DMA's special permit application and site plan proposal on Dec. 9. Work is expected to begin on the 4,000 square-foot retail space in January, following a cursory waiting period during which residents may appeal the permit approval. Work on the remaining manufacturing and cultivation space is anticipated in 2021's first quarter. Seven Hills to open behavioral health center A 57,000-square-foot building on Gold Star Boulevard in Worcester that Seven Hills Foundation has leased will be used as a new behavioral health center. e new center, called Seven Hills Child & Family Behavioral Health, will offer both traditional in-person services and through telehealth, a remote way of providing services made necessary by the coronavirus pandemic and now reimbursed for health insurance at the same rate as face-to-face appointments. e center, opening in March, will be the main location for three Seven Hills affiliates: YOU, Inc., Children's Friend, and Family Services of Central Massachusetts. And once again, your Best Bank. Your local bank. Your community bank. Thank you for voting us Worcester's Best Bank for Business. Connecting all offices: 800.578.4270 • www.unibank.com Member FDIC/Member DIF Contact us for help with your lending or deposit needs! Tom McGregor SVP, Chief Commercial Lending Officer 508.849.4340 Sean O'Connell VP, Chief Consumer & Business Banking Officer 508.849.4346 Courthouse Lofts occupancy to start Occupancy at Worcester's Courthouse Los apartment building will finally begin in January, more than 12 years aer the courthouse building in Lincoln Square was le vacant. e Worcester County Courthouse moved a few blocks down Main Street in 2008, and over the past few years the Boston development firm Trinity Financial has been working to renovate the building from a dated municipal building to a modern apartment complex, with some historical touches kept in place. e first tenants are slated to move in in mid-January, with 118 units eventually to be filled. More than half have been rented already. Nearly all are set aside under affordability restrictions, which helped Trinity obtain enough state funding and historic tax credits to offset most of the cost of the $50-million-plus project. UMass Memorial patient revenue rises to $2.4B It's been about as challenging a year as a hospital could face: a pandemic requiring an all-out emergency response and pushing aside day-to-day procedures and appointments that help make ends meet. But for UMass Memorial Health Care, the 2020 fiscal year improbably has ended with more revenue from patient services than the year prior. Patient revenue, at more than $2.4 billion, was up 1.6% in the 12 months ending in September. at revenue, along with $178 million in CARES Act funding, was enough to give UMass Memorial an operational surplus for the year of $15 million, a margin of 0.5%. at breaks a two-year streak of operational losses. Boch dealerships pays $8M for Shrewsbury site A wooded stretch of Route 9 in Shrewsbury that's sat undeveloped while much of the rest of that thoroughfare has been built out for retail or other uses has been bought by the Boch automotive dealership chain. Boch paid more than $8.3 million for more than 25 acres across from the Ashford Crossing residential complex and across South Street from a Price Chopper grocery store. e deal, which closed Dec. 23, was announced by NAI Glickman Kovago & Jacobs, the Worcester realty firm that brokered the sale. Boch didn't return a message seeking comment on its plans. e firm has eight dealership locations in Norwood, two in North Attleborough and one in Westford. ose are owned by DCD Automotive Holdings, and the firm said the Shrewsbury site is separate from DCD's ownership of other Boch dealerships. W

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