Lundgren proposes six-story apartment building on Shrewsbury Street parking lot
Rendering | Highpoint Engineering of Needham courtesy of Worcester Planning Board
A proposed apartment complex at 224 Shrewsbury St. in Worcester
Lundgren Equity Partners of Auburn is seeking to build a 87-unit apartment building at a Shrewsbury Street property currently being used as a private parking lot and across the street from where the developer received approval for a separate 218-unit apartment complex.
The parking lot property at 224 Shrewsbury St. in Worcester was purchased by a realty trust managed by Lundgren Equity in December.
The 87-unit project will comprise nearly 90,000 square feet over six stories, according to an application submitted to the Worcester Planning Board by Worcester law firm Bowditch & Dewey’s Joshua Lee Smith on April 26.
Lundgren Equity Partners was co-founded by real estate asset management veteran Tyler Alten and Barry Lundgren, who runs Lundgren Automotive Group, based in Auburn.
The application indicates there will be 54 parking spaces and seven handicap accessible units. There are no affordable units indicated in the application, but affordable units would not be required because the application is dated prior to May 9, when the City of Worcester’s Inclusionary Zoning policy was adopted.
The Lundgren development would have 23 studios, 47 one-bedroom units, 13 two-bedrooms, and four three-bedrooms, according to preliminary architectural plans by Highpoint Engineering of Needham.
The ground floor would include amenity space for a fitness center and a shared work space.
The project was on the planning board’s June 28 agenda, but the item was continued to a later date.
In September, Lundgren Equities proposed a 218-unit apartment complex across the street from this proposed project at 225 Shrewsbury St. Construction has not begun on that project.
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