Former Insurance HQ Becomes Apartments in Worcester
Boston News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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One Chestnut Place in Worcester transforms from insurance headquarters to 200 apartments, thanks to state funding. The 11-story building will house 41 two-bedroom units, 85 one-bedroom units, and 72 studios. The project aims to stabilize property values, revitalize downtown, and meet housing demand. Fallon Insurance, the former occupant, relocated to another Worcester spot and will be acquired by Mass General Brigham Health Plan, but plans to remain in the region. The Healey administration approved $8.4 million in tax credits for similar conversions, including $3.6 million for this Worcester project.
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