87 replies to this topic

[jeepcj85]

The lease ended up at 195000. From what I read, the deal is for building H, which is on the corner of Mercantile(new street) and Foster, approximately where the old Bijou Cinema and Applebees now stands.

[Lowerdeck]

At least soon there will finally be progress.  Something there has been long overdue.

[The Voice of Reason]

So does this mean the whole project will get done or are they going to build just one building?

As a total project I think it will be a great success, but I worry about individual pieces not having the same effect.

Its a shame Hannover can not just move downtown and take up all the opffice space.

Edited by The Voice of Reason, 02 April 2009 - 09:24 AM.

[Lowerdeck]

I'm guessing since there's a major tenant in one of the buildings, part/all of the old Common Outlets mall will be torn down.

I'm hoping with the project getting under way and the economy improving, once they get the ball rolling more will come and follow.

[jeepcj85]

Its enough square footage to release public money for demolition and infrastructure, such as ne roads and utilities.

[Lowerdeck]

According to the T&G today (4-30), Front St.'s extension will be delayed three years as it's been pushed to part two of the project.

Meanwhile public money to demolish the mall won't happen until June, when the lease with Unum is officially signed.

Source: http://www.telegram..../NEWS/904300634

Slow and steady progress, better than nothing.

[The Voice of Reason]

Be patient.  it is only a matter of time before some form of High speed rail is built as per Obamas plan.  As of now it would go through Worcester to Springfield.  This will certainly help springfield as one of the hubs, but the fact that it will connect Worcester and Boston means the commute between the two citys will make Worcester easier to get to from Boston than Framingham.  I think not only will the Worcester airport grow, but the office and housing markets will take off.

[Lowerdeck]

The Voice of Reason, on May 1 2009, 11:18 AM, said:

Be patient.  it is only a matter of time before some form of High speed rail is built as per Obamas plan.  As of now it would go through Worcester to Springfield.  This will certainly help springfield as one of the hubs, but the fact that it will connect Worcester and Boston means the commute between the two citys will make Worcester easier to get to from Boston than Framingham.  I think not only will the Worcester airport grow, but the office and housing markets will take off.

Yes, that'll be another great huge boost.

Looks like 10 years from now, Worcester's got great potential to retake the #2 city in New England spot.  Between a potential high speed connect to Boston (I can see it likely non-stop or one stop too) and downtown redevelopment with CitySquare and whatever else might pop up once the economy rolls again - really exciting times.