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The Town of Westborough has purchased a 65,765-square-foot building for $8.8 million, finalizing a plan to transform the building into what the Town is calling a multigenerational community center.
Westborough intends to turn the building, located at 1500 Union St., into a location for its senior center and the home of its Recreation Department, according to the Town’s website. The building was purchased from three entities, West Newton-based BSC RE Owner G6 Seller Co. LLC, Needham-based EIP BSC Owner LLC, and Framingham-based HJG Union St. LLC, according to Worcester District Registry of Deeds records. The sale was finalized on Tuesday.
The purchase of the building comes after the Westborough Select Board entered into a purchase and sale agreement for the property on Oct. 10.
On Oct. 16, Westborough Town Meeting participants voted to authorize the Select Board to borrow $8.8M to buy the property and appropriated $195,350 to cover funding due diligence efforts and operating expenses for when the property was acquired.
The building already has a number of amenities potentially utilized by the Recreation Department, including a basketball court, locker rooms, a pool, and workout rooms, as the site was formerly home of a Boston Sports Club location. BSC did not renew its lease for the location, which expired on Feb. 29, according to a report prepared by Worcester-based real estate appraiser O’Hara-Buthray Associates.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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