It’s not the most fruitful time for residential developments, but one high-profile Worcester building is months away from coming online. The Hadley-Burwick building on the corner of Main Street and Madison Street is reportedly within 90 days of being ready for residential occupancy, with most work scheduled to be complete by the end of March.
Marketing for the apartments has begun, with a Craigslist ad posted on January 20th boasting, “Great apartments at a great price in downtown Worcester.” The ad continues, “Calling all artists, creative types, entrepreneurs and anyone else who is spending too much on rent! Hadley Apartments, a historic renovation of an old furniture store in downtown Worcester, is almost finished, and is now accepting applications for residency in early 2009. Apartments are huge, with high ceilings, exposed brick and sprinkler piping, and a cool, loft feel. Plus, the project was built with some government help, so rents are controlled.” Units start at $822 for one bedrooms with about 800 square feet, and cap out at $1,134 for three bedrooms with about 1,375 square feet.