Worcester Business Journal

November 3, 2025

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wbjournal.com | November 3, 2025 | Worcester Business Journal 7 rather than series, which allows us to deliver these units much faster to market." Once the site work is complete and the foundation laid, the developer can simply use cranes to stack the boxes on the site. That reduces the noise and disruption to traffic of the construction process. City officials have been helpful in moving forward with plans for e Pearl, which is tentatively scheduled to break ground in early 2026, said Patel. "It's exciting to see a municipality that's welcoming new development," he said. "Lots of cities say they want development but their actions say something different." Another factor in siting tall residential buildings is, even though buildings in the BG-6 zone aren't required to include parking, most potential residents expect to be able to park a car. "That usually is going to necessitate a structured parking garage, which adds a lot of costs," Dunn said. The Pearl will avoid that issue because it will be located across the street from the renovated Pearl Elm municipal parking garage. HHM will install a lighted crosswalk to make it easier for residents to park there. Menkiti's new Main Street building will have below-grade parking on site for about a third of the units, plus an adjacent parcel with about 120 spaces, Rengel said. e hope is that many residents will walk to work, recreational opportunities, and public transit. "At the same time," he added, "We recognize some of the challenges of living in Worcester, with winters and snow." Still, like other developers, Rengel said the city is rapidly improving its attractiveness and walkability in ways that are likely to make denser living, and taller buildings, more feasible. "We're at the infancy," he said. Community Clarity & Confidence Starts with a Bank that Cares Our C.A.R.E. process ensures that we understand your unique finanicial goals and tailor solutions to meet them. Every moment with our clients matters. At Fidelity Bank, we see every interaction as an opportunity to listen, care, and provide clarity — so you can spend less time worrying about your financial life and more time focusing on the things that matter most. Call or visit a caring LifeDesign Banker Today 800.581.5363 FidelityBankOnline.com Mark Rengel, VP of developer at The Menkiti Group The Cove's ability to fill vacancies at higher rents is improving the viability of building taller in the Worcester market. PHOTO | MATT WRIGHT PHOTO | MATT WRIGHT W

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