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Real Estate

Walker Development moving HQ from Marlborough to Southborough, in expansion effort

The company was founded in 2014 and is expanding to a new Southborough headquarters.

UniBank’s new branch to be first commercial tenant at high-profile Canal District development

UniBank, the Whitinsville-based financial institution with 13 branches across Central Massachusetts, is working to open a new branch location in The Revington, the new mixed-use apartment building directly across the street from Polar Park.

Mass. economic growth slowed in first quarter, ranks 31st in nation

While the Massachusetts real GDP saw deceleration in growth in the first quarter of 2024, the state rose in national real GDP rankings from its position in 2023.

Plan to convert former Fallon HQ into 198 apartments receives $2.5M from state

The 198-unit apartment conversion was the only Central Massachusetts project to receive an award as part of the state initiative to support housing development in Gateway Cities.
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Lundgren axes plans for seven-story apartment building on Shrewsbury Street

A 218-unit apartment building slated for 225 Shrewsbury St. in Worcester is off the table, as market conditions have caused the developer of the site to pivot to adding to the plaza’s retail presence and constructing an upgraded DCU branch at the location. 

Franklin water engineering company acquired by Connecticut firm

“Fuss & O’Neill is a great fit for us, given their long and illustrious history of client-focused consulting.” Onsite President David Formato said.

Development firm led by Harlan Crow buys site of proposed 220-apartment Worcester complex for $4.5M

Crow is a major donor to the Republican Party and conservative causes and has received scrutiny for his close ties to U.S. Supreme Court Justice Clarence Thomas.

Worcester foundation teams with not-for-profit to launch $1M affordable housing fund

Two prominent Worcester organizations have joined forces to launch a $1-million low-interest line-of-credit fund to support affordable housing initiatives in Worcester County.
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Lundgren owner snatches up two former Berkshire branches for $5.2M

One year after closing branch locations in Marlborough and Westborough, Boston-based Berkshire Bank has sold the properties to an Auburn-based real estate investment firm.

MassHousing provides $8M to Lancaster rental home project

The homes at the project are already listed on rental listing website Apartments.com, where rent prices for non-subsidized houses range from $3,375 to $4,100.
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