On Monday, the Worcester Redevelopment Authority will vote on authorization to purchase for $3 million and accept a quitclaim deed for The Denholm Building at 484-500 Main St. in Worcester, according to the WRA’s meeting agenda.
Plans have been in the works for the WRA to acquire and demolish the building so that the property can be redeveloped.
City Council voted in April to authorize a loan for $6.8 million to cover the purchase, demolition costs, relocation for office condo owners, and other costs.
The former department store had been used as offices, mostly by nonprofits, which owned the 18 condos in the building. The building had come under disrepair in recent years, and the costs to renovate were too much for the condo association to bear.
Once home to a popular department store, Denholm & McKay Co., the Denholm Building was a symbol of downtown Worcester’s past as a bustling center filled with crowds shopping at countless retail shops.
The city is banking that redeveloping the site will continue the ongoing push to make Main Street a bustling city center again.
The meeting will be held virtually on Monday at 8am. More information here.
