Issue link: https://nebusinessmedia.uberflip.com/i/1375174
S10 Worcester Business Journal | May 24, 2021 | wbjournal.com S P E C I A L S E C T I O N : W O R C E S T E R E M E R G I N G A s Worcester grows, so does its appeal to inves- tors and developers. "For the most part, I can't ask for any more than a location like Worcester," said Mark Nedelman, CEO of Biomere, a biomedical company with 100 employ- ees on Union Street. is idea for why it is important for the city to capitalize on Worcester's progress in bringing in outside develop- ers came during the third installment in the Worcester Emerging webinar series this spring from Worcester Business Journal and the State House News Service, describing the changes taken place in the second largest city in New England over the past half decade. In the panel talking with developers who are in the midst of various Worces- ter projects, Grant Welker, the former news editor at Worcester Business Journal, moderated the panel featur- ing David Greaney, CEO of Synergy Investments in Boston; Rich Mazzocchi, managing director of Boston Capital Development LLC; Michael O'Brien, CEO and principal of Galaxy Develop- ment/Galaxy Life Sciences in Webster; James Umphrey, principal at Worcester commercial real estate firm Kelleher & Sadowsky Associates; and Nedelman. roughout the webinar, panelists talked with a lot of optimism about investing in Worcester whether it be in commercial office space, residential prospects, retail, or specific to the life sciences industry. "e thing really adds to our attrac- tion to Worcester is the momentum, particularly downtown with public investment and private investment," said Mazzocchi, whose firm is building an affordable housing development in the Canal District. Greaney, who is redeveloping Worcester's tallest commercial building known as the glass tower, said the pan- Coming development Developers say Worcester's high-profile projects coming online will lead to increased interest from more firms BY DEVINA BHALLA Special to the Worcester Business Journal (Top) A rendering of the proposed 13-story residential tower at the former Cove Music Hall. (Bottom) A rendering of Galaxy Life Sciences' proposed $50-million facility at The Reactory. RENDERING | COURTESY OF WORCESTER PLANNING BOARD RENDERING | COURTESY OF GALAXY LIFE SCIENCES