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Sterling Crossing project to finish in November

A Saint Vincent medical office is expected to open on Nov. 1 in the first floor of the 96-102 Leominster Rd. property in Sterling, named “Sterling Crossing.” Other medical offices are still in the works, said Jim Chacharone, founder of Chacharone Properties LLC. “Nothing’s firm yet,” Chacharone said. “We’re serious with a physical therapy facility and two other doctors.” Chacharone Properties owns the Leominster …

New buildings unlock opportunity at South Worcester Industrial Park

WORCESTER – Take about 11 acres of land, buy much of the property, tear down decrepit buildings, give new construction a tax break and then resell available parcels to developers. That’s the recipe the city of Worcester followed with the South Worcester Industrial Park over close to two decades, a swath of land wedged between Canterbury Street and railroad tracks. The land was once …

Chacharone Properties Acquires Former McDonald’s in Auburn, MA

The long-time McDonald’s fast-food restaurant in Auburn will be converted into professional offices. The property at 813 Southbridge St. in Auburn was sold to Worcester-based CM Developers, LLC for $580,000, according to an announcement Thursday from Worcester real estate brokerage NAI Glickman Kovago & Jacobs, who represented the sellers – McDonald’s Real Estate Co. of Delaware. The 6,587-square-foot building sits on a 4.1-acre lot. …

Sold out: Every available parcel in this once-vacant Massachusetts industrial park has been purchased

WORCESTER — A project 22 years, six months and some days in the making, the city of Worcester has finally sold all of the parcels available in what was once a South Worcester industrial wasteland. “SWIP is done,” City Manager Edward Augustus Jr. said. Chacharone Properties, Advanced Machinery and Table Talk Pies have finalized deals to develop six parcels of land equivalent to about 95,000 …

Table Talk breaks ground on 1-million-pies-per-week facility

Table Talk Pies broke ground on a new manufacturing site in Worcester that will produce 1 million pies a week once it comes online. The groundbreaking took place at the South Worcester Industrial Park on Thursday morning and was attended by numerous city officials, representatives of Table Talk as well as James Chacharone, founder of Worcester-based Chacharone Properties that is developing the site. The Table …

One on One with Jim Chacharone

Jim Chacharone started a construction business in 1982, building single-family homes in the Worcester area, which eventually expanded to acquire commercial buildings. Chacharone Properties has 12 full-time employees and is located at Chadwick Court. A graduate of Brooklyn Polytech Institute, Mr. Chacharone worked in the aerospace industry for 20 years for companies, including IBM and United Aircraft. Chacharone Properties owns approximately 2 million square …

Chacharone Properties adds solar panels to property

WORCESTER – Chacharone Properties, a local commercial property developer and manager, has partnered with Solect Energy to install a 650 kilowatt (kW) solar system on the roof of its office and industrial property located at 220 Brooks St. The installation will allow the company to grow its business while saving on energy costs. “Solar has provided us with a new non-traditional source of revenue, …

Worcester is Top 20 Metro Area

Construction cranes dot the Worcester’s skyline, a happy sign of economic resurgence for Central Massachusetts.  More than $2 billion in real estate investments have recently been completed or are underway in Worcester.  New buildings are rising to accommodate growth in healthcare, insurance, higher education, biotechnology and medical research, all major industries in the city. Brookings Institution recently named Worcester one of the top 20 …

New $11.5M Hampton Inn & Suites Hotel Project Under Way in Worcester

Worcester, MA – A new Hampton Inn & Suites hotel is currently under way in downtown Worcester at Gateway Park. The 100-room hotel, located at 65 Prescott Street, is being developed by XSS Hotels. The impressive five-story building will be clearly visible when driving through Worcester on I-290. The building’s first floor will house the hotel’s lobby and common rooms and offer covered parking …

Worcester Opens Downtown Innovation Center in Former Telegram & Gazette Building

WORCESTER — With words of welcome and the swing of a cut ribbon, Worcester opened its doors to entrepreneurs on Monday with the official ribbon cutting of the Innovation Center of Worcester. The center is located at 20 Franklin St., in the home of the former Telegram & Gazette. It was a building two years ago many said required a wrecking ball, according to …

Winn Development set to buy Worcester’s former Unum building

WORCESTER — Winn Development Inc. has entered into an agreement to buy the former Unum Group office building at 18 Chestnut St. The company is eying the nearly 300,000-square-foot, six-story historic office building as potential college classroom/academic space and student housing, among other uses, according to Gilbert Winn, chief executive officer of Winn Cos. He said commercial space will also likely be looked at …

Long a College Town, Worcester Now Looks the Part

WORCESTER, Mass. — Although College of the Holy Cross was founded here in 1843, and eight other prominent institutions of higher learning followed, it has taken most of the last two centuries for this sizable New England city to consider itself a college town. It does now. From one end of the city’s 245-acre central core to the other, Worcester is attending to the …

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