Please do not leave this page until complete. This can take a few moments.
A Worcester developer has plans to demolish a Franklin Street restaurant and redevelop the site into a 24-unit apartment complex, according to a proposal submitted to the Worcester Planning Board.
Michael Ermani of Worcester-based Premier Investment Properties LLC confirmed Friday he is planning to construct apartments at 631 Franklin St., assuming the property sale is complete, as it has not yet closed.
Chioda’s Trattoria, a 13-year-old Italian restaurant, is the tenant at the property. Co-owner Steve Chioda said he had not yet been notified of the demolition plans and is unsure what it would mean for the restaurant’s future.
Ermani’s proposal to the planning board calls for full demolition of the existing 1,624-square-foot restaurant and construction of an 8,749-square-foot low-rise apartment building with off-street parking. The units will be market-rate.
The property is owned by John and Theresa Travaglio, the owners of Pepe's Italian Restaurant on Shrewsbury Street, according to the proposal. Premier Investment Properties has entered into a purchase and sale agreement with the current owners, but it will not close until after the planning board approves the project, Ermani said.
The Travaglios could not be reached for immediate comment.
The property is assessed by the City of Worcester at $394,000, according to the assessors’ database. The Travaglios have owned it since 2014, when they purchased it for $320,000.
“I had this under agreement last year, and it didn’t go through, but I’m confident it will this time,” Ermani said, adding that there has been some disagreement between the current owners about whether to sell. “It’s not the smoothest transaction.”
Ermani owns the property of Leo’s Ristorante on Shrewsbury Street, which he bought in early 2021, as well as several multi-families in the region.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester 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.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
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.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
5 Comments