“It’s the perfect situation, and I think everything is going to come together,” said developer Ed Murphy, the owner of the Worcester-based Baystate Investment Fund, who owns several properties around the future ballpark site.
Worcester had its own development boom in recent years before the PawSox announced their intention to morph into the WooSox. CitySquare, a $565M mixed-use multiphased development, is underway on the site of the old Worcester Common Outlets mall downtown. Roseland Residential Trust completed 145 Front St. at City Square earlier this year. Boston-based Trinity Financial is reportedly investing $55M to turn the former Worcester County Courthouse into 114 units of housing.
“I think the increased cost of living in Boston and the improvement of Worcester’s reputation since 2008 has helped,” Murphy said. “A lot of people have come back home when, in the past, they may not have wanted to.”
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