Worcester Business Journal

wbjournal.com | August 21, 2017 | Worcester Business Journal 7 Ameresco starts work on $11M Navy Yard microgird Ameresco, a Framingham renewable energy company, has started work on what it says will be one of the largest microgrids, or self-contained energy grids, in the country. The project will be part of the Navy Yard development in Philadelphia, a 1,200-acre business campus on a former U.S. Navy complex. Ameresco announced the start of construction on the project Aug. 4, and said it is expect- ed to be operational by later this year. The microgrid, previously reported to cost about $11 million, will include a 6-megawatt natural gas-powered power plant. Ameresco is designing, building and maintaining the system. Greater Good brewery moving to Worcester Greater Good Imperial Brewing Co. is planning to open a 10,000-square- foot brewery and taproom on Millbrook Street in Worcester early next year. The beermakers broke ground on a 10,000-square-foot space in an industri- al facilty at 55 Millbrook St. The com- pany brews in Williamsburg under con- tract with Brewmasters Brewing Services using a 120-barrel system - a large operation for a brewery without a location. Medusa planning $6M canning facility Medusa Brewing Co. will develop a $5.5-million canning facility adjacent to its existing taproom in Hudson, which town officials are leveraging to get more redevelopment money from the state. The planned 15,000-square-foot facil- ity along the Danforth Brook at 1 Houghton St. will feature angled win- dows, a boardwalk along the brook's edge and outdoor seating for guests. Because of the Medusa expansion and a separate $5.5-million mixed-use development by Charles Randall in downtown, Hudson has asked MassWorks for a $2.5-million grant for downtown improvement projects. The brewery has entered into a pur- chase-and-sale agreement with property owner Alexander Santos and has been working with MassDevelopment. The brewery is in its final stages of securing funding through a local bank. Westborough firm hits $2B in assets Grimes & Co., a Westborough wealth management firm, has reached $2 bil- lion in assets under management. The company reached the milestone 32 years after it was founded by Timothy Grimes, now its chairman. Grimes & Co. says it was an early adopter of discretionary, fee-based asset management that's standard today, at a time when most investment advice was given by commission-based representa- tives of larger firms. The company is an independent reg- istered investment advisor, known as an RIA. It has 32 employees, including 11 certified financial planners and six chartered financial analysts. R E A L D E A L Real Deal highlights recent commercial property transactions in Central Massachusetts. Commercial real estate firms that want to submit information on transactions can send it to editorial@wbjournal.com. ADDRESS: 31 Harvard St., Worcester AREA: 3,200 square feet of office space SALE PRICE: $420,000 SELLER: Family Services Organization of Worcester BUYER: Kenneth Davis Davis plans to develop the property into office and residential space. Family Services will lease the building while it looks for new offices. W The Hudson site of the new Medusa canning facility The folks at Tree House Brewing know a thing or two about craft brews. So when they needed a banking partner that knows a thing or two about helping businesses thrive, they called on us. It's what we've been doing for our entrepreneurial neighbors since 1850. How can we help your business? (800) 322-8233 countrybank.com/business PROUD. COMMUNITIES THAT MAKE BUSINESSES – – W E GO WA Y BACK WITH THE Member D IF Member FD IC People. Places. Product. Photographic images for advertising, public relations, graphic and corporate communications groups . See the difference. 165 Holly Lane • Holliston, MA 01746 Phone/Fax: 508.429.3188 • www.ronbouleyphoto.com R O N B O U L E Y P H O T O G R A P H Y Sources: Kelleher & Sadowsky, Massachusetts land records ~ Compiled by Zachary Comeau, WBJ staff writer

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