Vacant downtown Worcester lot sold for $750K to NY multi-family developer
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This vacant lot in Downtown Worcester is now under the ownership of a New York firm specializing in constructing and managing multi-family buildings.
A vacant lot just off of Worcester’s Main Street has been sold to New York multi-family housing firm Radson Development for $750,000.
The 16,747-square-foot lot at 56 Pleasant St. was sold in a deal finalized on Tuesday by Worcester real estate firm First American Realty, according to Worcester District Registry of Deeds records.
The lot, sitting in the shadow of Worcester’s nearby glass tower at 446 Main St. and directly next to the Worcester Plaza Garage, was once the home of a three-story garage itself before it was demolished in 2019, according to City of Worcester permit records.
The property was sold to 56 Pleasant Street LLC, a New York-based entity owned by Radson Development. The firm’s portfolio includes seven properties in New York; most of Radson’s buildings are multi-family, mixed-use developments in the New York City area, although its holdings include a Hilton-brand hotel in Long Beach, New York.
Radson officials did not immediately respond to a WBJ email requesting more information regarding its plans for the site.
The property was given a tax assessment value of $429,900 for 2024, according to City of Worcester property records.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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