Worcester Business Journal

6 Worcester Business Journal | November 16, 2026 | wbjournal.com 24 Elm Street Worcester, MA 01608 (978) 487-5595 altitudeworcester.com LIMITED TIME OFFER Receive up to 2 months free on select units and up to a $1,500 look and lease credit! A landmark tower reimagined as 198 residences. One block from Main Street, with the skyline out your window and a full suite of amenities. Elevated Living in the Heart of Worcester NOW LEASING and available for immediate occupancy. Scan here to book your tour! ible opportunity for the Town," he added. e state's Division of Capital Asset Management and Mainte- nance (DCAMM) issued the request for proposal Sept. 17 under the State Land for Homes program, with responses due Nov. 19, and developer selection in late 2026 or early 2027. e redevelopment will turn the long-vacant property into new homes, putting the land back on local tax rolls. Chris Dempsey, a partner at Speck Dempsey, said 288 units will move forward regardless of what happens at Special Town Meeting. "It's important to note that the development will be moving ahead regardless of the upcoming vote at Lancaster Town Meeting," he said, because at least 288 units are allowed by-right according to state law. "e vote at Town Meeting would allow up to 386 units in a walkable village planned by Speck Dempsey on behalf of DCAMM." Dempsey added that the firm hopes Town Meeting voters will support the proposal for a 386-unit development Nov. 16. e state-owned campus, closed since 1972, opened in 1856 as the country's first state-funded reform school for girls and later served as the MCI-Lancaster minimum-security prison until 2002. e plan calls for a walkable mix of single-family homes, townhouses and apartments, with up to 64 units in ex- isting historic buildings and space for neighborhood retail. DCAMM will lead a public site tour of the grounds Nov. 8 at 1 p.m. Westborough Shopping Center on Route 9 slated for foreclosure auction e Westborough Shopping Center on Route 9 is advertised for a mortgagee's foreclosure auction at 11 a.m. Dec. 8 outside Staples in the shopping center parking lot. First Tech Federal Credit Union scheduled the foreclosure auction, according to an auction listing from Paul E. Saperstein Co. Westborough Shopping Center, lo- cated at 18 and 30 Lyman St. and an- chored by Stop & Shop and Staples, is owned by Westborough-based Colangelo Massachusetts Real Estate LLC, which received a $30.75 million original mortgage from Digi- tal Federal Credit Union in Decem- ber 2022, according to the Worcester Registry of Deeds, that was amended to $32.375 million July 1, 2025. e auctioneer lists the 33.5-acre property with two town assessments totaling approximately $28.71 mil- lion. Bidders must bring a $100,000 deposit, with further payment due within 10 days and the balance with- in 30 days. A spokesperson for Stop & Shop said the supermarket will continue to operate as usual despite changes in property ownership. Located at the junction of Route 9 and Lyman Street, the plaza contains five buildings totaling 371,425 square feet, including an office building, outpads and multi-tenant retail buildings. e 15-acre 18 Lyman St. property contains a 161,545 square-foot retail building with 12 commercial store- fronts and was completed in 1979, according to Westborough assessors office data. Located on an 18.5-acre parcel, 30 Lyman St. contains a restaurant and an 187,530 square-foot retail build- ing built in 1981, according to the Westborough assessors office. e Westborough Shopping Center on the property, managed by Progressive Realty Consultants, currently lists 11 vacant commercial spaces available for lease across its retail and office portfolios, according to LoopNet. FedEx freight facility at 300 Bartlett St., Northborough sells for $36M A FedEx freight facility at 300 Bart- lett St. in Northborough sold for $36 million on Nov. 3. continued from page 5

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