5 Madison Street Update 08/16/23

Worcester Development Site Trades for $3M

SMC Management has acquired the development site at 5 -9 Madison Street in Worcester for $3,000,000. The property last traded just this past December for $1,000,000. Plans for the site call for a 6-story multifamily development to include 110 units. According to the SMC website, they expect to start construction in January 2024. 

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