WinnDevelopment, WNC Launch Conversion of Historic Boys Club Building in Worcester

Barchart · 10/17 16:02

WinnDevelopment and WNC & Associates launched construction on The Residences on Lincoln Square in downtown Worcester, MA. The senior residential community will preserve and convert the historic three-story Lincoln Square Boys Club building into 16 affordable housing units, while also constructing an adjacent five-story building with an additional 64 units.

A single-story glass enclosure will connect the buildings via the ground floor, allowing residents access between the two. The 80-unit development for seniors aged 55+ is scheduled for completion in April 2026, with an anticipated $70-million total development cost.

The Lincoln Square Boys Club building, originally constructed between 1928 and 1930, has been vacant since 2006. It is situated in the Worcester Institutional District.

Financing includes low-income housing tax credits and historic credits from both federal and state governments. Rockland Trust is providing construction financing and the Massachusetts Housing Partnership is providing permanent financing, with the city and state providing additional soft financing.

The post WinnDevelopment, WNC Launch Conversion of Historic Boys Club Building in Worcester appeared first on Connect CRE.