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Fitchburg school receives $11M from MassDevelopment for dorm building, other upgrades

Applewild School, a private, co-ed boarding and day school located in Fitchburg and Devens, has received an $11-million tax-exempt bond from MassDevelopment to upgrade its Fitchburg campus. 

Fitchburg’s 147-year-old building eyed for retro arcade bar, 8 apartments

A Fitchburg property owner is involved in two separate proposals to see a Main Street property host a new retro arcade bar and eight residential units. 

Piccadilly Plaza developers abandon demolition plans, bring in new tenants

Developers behind the plan have shifted course and are now in the process of welcoming a handful of new tenants to the plaza, including a new upscale Brazilian steakhouse.  

Worcester earmarks $500K from Polar Park settlement for new diverse business grants

The City of Worcester is now offering $5,000 grants to women and minority-owned businesses through its newly launched Diverse Business Certification Grant Program. 
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Worcester biopharmaceutical firm Mustang Bio to lay off 81% of staff

Mustang Bio will reduce its workforce by approximately 81% following a vote by the board of directors, according to a regulatory filing.

Climbing prices, declining sales of Central Mass. homes largely continue in March

Prospective home buyers in Central Massachusetts are still largely dealing with record high prices and limited inventory, as the average cost of a home purchase in Middlesex and Worcester counties is up around 10% in the last year. 

Urban farming firm with ties to Clark University leases warehouse in Leominster

Founded in 2013, Freight Farms now has more than 600 farming units in 41 countries around the world, according to the company’s website.

Following January approval, Auburn steakhouse sold to Town for new firehouse

The Town intends on constructing a three-story firehouse at the location, with room for a future three-story police station at the location as well, according to a presentation made by Auburn Fire Chief Stephen Coleman before the January Town Meeting vote.
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Worcester truck garage’s retiring owner sells to AAA Northeast for $1.8M

Following the owner’s retirement, the former Costello's Truck Service & Repair location on Southwest Cutoff in Worcester has been sold to AAA Northeast. 

Movers & Shakers for April 15, 2024

People are moving up at Cornerstone Bank, the Marlborough Economic Development Council, and bankHometown.
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