wbjournal.com | May 18, 2026 | Worcester Business Journal 7
REAL ESTATE INSIDER
|
B R I E F S
Laursen of Kelleher & Sadowsky
Associates in Worcester served as the
listing broker for this transaction.
TEMPLETON
Affordable housing
e affordable housing lottery for
Baldwinville School Apartments in
Templeton has begun. e 54-unit
affordable housing development is
expected to open this fall, featuring
apartments ranging from studios to
three-bedroom units. e first multi-
family housing development permitted
in the town of roughly 8,200 residents
in more than 25 years, 49 units are
designated affordable for households
earning at or below 30-60% of the
area median income. e project was
supported with tax credits, a munici-
pal Community Preservation Act loan,
subsidies from the Executive Office
of Housing and Livable Communi-
ties, and a loan from Rockland Trust.
Prospective residents can apply at
www.baldwinvilleschoolapts.com. e
deadline to apply is July 15.
WORCESTER
Downsized plans
Graon Woods Luxury Living, a
large apartment complex planned for 4
Brandt Lane, has received unanimous
approval from the Worcester Zoning
Board of Appeals at its April 27 meet-
ing to downsize plans for the site. Aer
the Massachusetts Department of
Environmental Protection appealed
an order of condition related to the
project, Holden-based Brandt Lane
Development modified its design,
resulting in the project downsizing
from 491 units to 448 units. e
design change eliminated 56 parking
spaces, bringing the project's total to
737 spaces. Even with the downsizing,
the development would be the largest
market-rate apartment complex in
Worcester, according to data from
CoStar.
Retail sale
New Shrewsbury LLC, a Framing-
ham-based entity managed by Yuriy
Blyakhman, purchased a property
at 267 Shrewsbury St. featuring a
11,940-square-foot retail building for
$3.9 million from Draycott & Can-
terbury LLC, an Illinois-based entity
managed by Ted and Karen Sykes.
Nishan Papazian of Greater Boston
Commercial Properties in Northbor-
ough served as the listing broker for
this transaction.
Member FDIC
Equal Housing Lender
BeaconBank.com
5/26
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