Developer starts construction of 110-apartment mixed-use building on Worcester’s Madison St.
Rendering | Maugel DeStefano Architects
A planned six-story mixed-use development at 5 Madison St. in Worcester
Preliminary construction has begun at a long-vacant lot at 5 Madison St. in Worcester, the future site of a six-story, 110-unit apartment building first proposed in October 2022.
Watertown-based SMC Management Corp. has begun to prepare the site for the laying of the building’s foundation, with the company receiving a building permit on Sept. 24 for demolition, excavation, and foundation work at the site ahead of the issuance of a full building permit, according to City of Worcester permit records.
SMC took over the project originally proposed by Boston-area developer Winterspring Capital, purchasing the parcel for $3 million in August 2023. The company is planning 110 market-rate units at the site, along with 1,937 square feet of commercial space and 41 parking spaces.
The property at 5 Madison St. is located behind the future site of the Creative Hub Community Arts Center, expected to open in 2025.
SMC owns and operates a number of residential and commercial properties across the country and has completed more than 150 development projects, according to its website. The company did not respond to a WBJ request for more details on the project or its expected completion date.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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110 units with 41 parking spaces....... is Augustus back on the payroll? Have fun on game days son.....
Another project going up solely due to PolarPark.com which WBJ has repeatedly denigrated and opposed.
At some point Bradley needs to issue a mea culpa to the city of Worcester though we won't hold our breath waiting for it
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