Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

July 13, 2023

United Group buys Worcester senior community development site for $4.9M

Image | Worcester Zoning Board of Appeals - Rendering: Syvertsen Rigosu Architects of Clifton Park, New York Proposed retirement community at 757 Salisbury St., Worcester

United Group of Companies, a national developer based in Troy, New York, purchased a development site at 757 Salisbury St. in Worcester for its 123-unit senior living project, The Arbella at Bramble Hill.

The property sold on June 22 for $4.9 million, according to national real estate brokerage Cushman & Wakefield, who represented the seller, Premier Property Group of Dracut.

"This exceptional multifamily development presented an excellent opportunity for investors,” Cushman & Wakefield Senior Director Bruce Lusa said in an emailed statement, received on Wednesday. “The property's prime location and remarkable growth potential made this a very exciting acquisition, positioned for long-term success."

Premier Property Group purchased the site, formerly the estate of Alice and Milton Higgins, in 2018 for $820,000. 

United Group has two other senior living properties under development in Massachusetts, according to the company’s website. The Arbella at Ashland is a seven-building, 180-unit, 62+ market-rate active adult community. The Arbella at Newbury Street in Peabody is a 55-unit, 55+ market-rate rental community. 

Sign up for Enews

WBJ Web Partners

0 Comments

Order a PDF