Member News – Roseland Residential Trust
June 24th, 2016
Roseland Residential Trust, a wholly owned subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), held a groundbreaking ceremony with public officials for 145 Front Street at City Square in Worcester, Massachusetts on June 22. This project is the first of two phases, when complete it will be comprised of 365 apartment homes, phase one includes 237-apartment homes. This will also include a new hotel, public parking garage, and significant additional retail space. This development is a key component to revitalizing the city’s downtown. Roseland anticipates a third quarter 2017 completion of this community.
“Creating a vibrant downtown residential community gives our growing workforce the high-quality homes they need, and today marks a major milestone in Worcester’s continuing renaissance,” said Worcester Mayor Joseph M. Petty.
This property is expected to be especially attractive to Worcester’s growing workforce in advanced manufacturing, information technology, biotechnology, and healthcare.
“This is a great example of smart growth, bringing hundreds of people downtown to live near our intermodal transit hub, where they can take a bus across the city or an express train into Boston. As we continue to build density and downtown increasingly becomes a genuine neighborhood, I see even more great things on the horizon,” said City Manager Edward M. Augustus, Jr.