WinnDevelopment and WNC & Associates Begin Construction on the Residences on Lincoln Square in Worcester, MA [Yahoo! Finance]
Independent Bank Corp. (INDB)
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Source: Yahoo! Finance
WORCESTER, Mass., Oct. 16, 2024 (GLOBE NEWSWIRE) -- WinnDevelopment , a Boston-based company integrating workforce (middle-income) housing into its mixed-income projects, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have begun construction on The Residences on Lincoln Square in downtown Worcester. The new 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 $70M total development cost. WinnResidential will be the property manager. The Lincoln Square Boys Club building, originally constructed between 19
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- 10/17/24 - Miss
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