Madison Properties knows that investors benefit when a property’s full potential is realized, and we strive to do just that. Everything from matching tenants with spaces to upgrades that add value to the property can make the difference in investment success for commercial properties. We understand that and take a detail-oriented approach to each property and each client to find the best niche and services to work for all involved. Our vision is to maximize the outcome for investors in every way possible, resulting in a management strategy that makes the best use of our experience, knowledge and real estate savvy.
Nov 20, 2019
Construction Complete for Hampton Inn and Homewood Suites in Woburn
Construction is now complete on the dual-branded Hampton Inn & Homewood Suites Hotel in Woburn. The new six-story, 147,780-square-foot building boasts 235 total rooms, with 132 Hampton rooms and 103 Homewood suites. The hotel is part of the Woburn Landing redevelopment project, which was built on previously contaminated land and required special permitting. The property has incorporated numerous contemporary amenities for guests shared across both the Homewood Suites and Hampton Inn, including an indoor swimming pool, business, and fitness center, along with terraces, bars, lobbies, and kitchens designated for each hotel brand.
Photo courtesy: Warren Jagger
Sep 26, 2019
W.L. French Joins the Team Building Worcester’s Polar Park
W. L. French Excavating Corporation has been awarded a major contract at the site of the future home of the Worcester Red Sox by construction project manager Gilbane-AECOM Hunt, a Joint Venture. Located in Worcester’s Canal District, Polar Park will be home to the Worcester Red Sox starting in the 2021 season. The Triple-A ballpark will seat 10,000 fans and is viewed by city leaders as the centerpiece of a major redevelopment project.
Established in 1972 and headquartered in North Billerica, W. L. French is one of Greater Boston’s leading site excavation, environmental remediation and soil management firms, having worked on some of the region’s most complex and high-profile projects.
For Polar Park, W. L. French will be performing site demolition of the 22-acre site, mass excavating over 150,000 cubic yards of soil and disposing of nearly 118,000 tons of excess soil.
W. L. French will also provide installation of temporary shoring to support the existing CSX railroad as well as other existing site features needed to advance the ballpark and new building foundations. Approximately 95,000 cubic yards of the soil excavated from the site will be used as part of a concurrent project being developed by Madison Properties called South of Madison (SOMA). To meet the critical project milestones, W. L. French will be removing upwards of 5,000 cubic yards from the ballpark site per day.
“W. L. French is proud and honored to be working with this exceptional team and city in the development of the Polar Park Stadium,” said President and CEO of W. L. French, Bill French Jr., “This park is going to be an integral part of the revitalization of Downtown Worcester and will be enjoyed by families, including our own, for decades to come.”
Jul 10, 2019
Worcester Red Sox and City to Break Ground on Polar Park Stadium July 11
The city and future Worcester Red Sox team brass will break ground on the Canal District stadium on July 11, officials announced at the city’s Independence Day celebration.
A 10,000-seat ballpark, slated to cost upwards of $86 million, will house the Triple-A team, which will play its first game at the beginning of the 2021 season.
Construction of the stadium will spark a massive transformation of the city’s Canal District.
And, the team and city have just fewer than two years to complete the project before the team starts playing.
Along with the ballpark will be a surrounding development, including at least 225 residences, hotels, restaurants, retail and an office building overlooking the field. Denis Dowdle of Madison Downtown Holdings is spearheading much of that development, and previously told MassLive his work, which is on the opposite side of Madison Street from the ballpark, will begin sometime after the ballpark groundbreaking.
Renderings for the stadium have not been released, however, designers Janet Marie Smith and Pawtucket Red Sox Chairman Larry Lucchino have said the ballpark will have lots of open space for fans to gather.
While the stadium is planned to hold 10,000 fans, not all will sit in traditional seats. Roughly 7,000 seats will be traditional, with other areas open for fans to mingle during the game.
Jun 03, 2019
Facade Install Nearly Complete for Woburn Homewood Suites and Hampton Inn
Exterior work is nearly complete for the upcoming dual branded Homewood Suites & Hampton Inn Woburn. The hotel will include a total of 235 guest rooms along with an indoor pool and fitness center. The Homewood Suites will include 103 fully equipped suites with kitchens for long-term guests, along with separate living and sleeping areas while The Hampton Inn will offer 132 guest rooms.
Oct 29, 2018
New Renderings of Polar Park in Worcester
Fans will have to wait three years to step foot inside Polar Park, the 10,000-seat stadium that will house the Worcester Red Sox.
But for now, new renderings released by the city give a glimpse into what the stadium and its surrounding development will look like.
The renderings, available online in a master plan packet, imagine a park with brick detailing, surrounded by public space for guests to mingle.
Adjacent to the park is room for a diner.
Polar Park, estimated to cost between $86 and $90 million, is part of the overall $240 million development plan that will transform Worcester's Canal District.
Along with the stadium will be a 150-room hotel; a 100-room boutique hotel overlooking the ballpark; 250 market rate apartments; and 65,000 square feet of retail and restaurant space.
Additionally, MassDOT will oversee a complete reconstruction of the notorious Kelley Square intersection.
Construction is set to begin in 2019, renderings below:
Aug 17, 2018
Pawtucket Red Sox Move Sparks $240 Million Development
With the Triple-A affiliate baseball team, Pawtucket Red Sox planning a move to Worcester, the brand new stadium (Polar Park) is igniting a $240 million development. The team plans to be renamed the Worcester Red Sox.
In an announcement on Friday (8/17), officials from the city of Worcester, the state of Massachusetts and the Pawtucket Red Sox unveiled plans for a $240 million project to construct a ballpark, two hotels, shops and restaurant space on a vacant lot in the city's Canal District. At the press conference Friday, Larry Lucchino, chairman of the board of the Pawtucket Red Sox announced the new stadium would be called Polar Park, after the city's iconic Polar Beverages.
Jun 26, 2018
Construction Continues at Woburn Hotel DevelopmentJune saw steady progress on masonry and slab work on the first and fourth floors at the upcoming Woburn Homewood Suites and Hampton Inn. The project, part of the highly anticipated Woburn Landing, continues with masonry emu ongoing with plank and stairs. On the first floor, slab on grade is being prepped and to be poured while the under slab SSV system is 90% complete. The first floor interior layout is underway with exterior wall stud and sheathing also beginning. Vertical MEP layout and shafts underway as the fourth floor pre-cast concrete plank is also being set.When complete, the dual-branded property will feature 235 guest rooms. The Homewood Suites will include 103 fully equipped suites with kitchens for long-term guests, along with separate living and sleeping areas.The Hampton Inn will have 132 guest rooms, offering the latest upgrades for value-conscious and quality-driven travelers. The hotel will share some amenities including an indoor pool, exercise room and 602 square-feet of meeting space.
May 31, 2018
Woburn Property Refinanced for $35.64 MillionNorth Carolina-based, Concord Hospitality Enterprises has refinanced their hotel development in Woburn, MA for $35.64 million via Western Alliance Bank.The Homewood Suites and Hampton Inn is a major part of the much anticipated, $55 million Woburn Landing project. The development will feature new restaurants and businesses, all conveniently accessible from the city’s public transportation system. It is expected to create approximately 200 new jobs and bring $1 million in annual tax revenue to the city
Dec 14, 2017
Financing secured for new-construction Hilton hotel in Woburn
A new 235-key Hilton hotel in Woburn located next to the intersection of Interstates 93 and 95 is expected to break ground this month after securing $53 million in equity financing. Colliers International worked on behalf of site owner Madison Properties and hotel developer Concord Hospitality Enterprises to secure the financing through Whitman Peterson LLC. The hotel, which is scheduled to open 2018, will be located in a retail and entertainment dominated area minutes from Downtown Boston. The hotel will be a dual branded Homewood Suites and Hampton Inn & Suites, and will feature three retail pad sites including Red Robin and Chick-Fil-A.
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