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Trinity Financial Wins Worcester, MA Courthouse Project

The project will include the historic rehabilitation and preservation of the historic former Worcester County Courthouse. Credit: The Architectural Team The project will include the historic rehabilitation and preservation of the historic former Worcester County Courthouse. Credit: The Architectural Team

WORCESTER, MA—Real estate development firm Trinity Financial, which has offices in Boston and New York City, has been selected as the developer by the City of Worcester, MA for its former County Courthouse redevelopment project.

Proposed plans for the vacant county courthouse include approximately 125 new units of residential housing and ancillary amenity space, with half of the units rented at market rates and the remaining units designated for workforce housing. The development will also include the historic rehabilitation and preservation of the former courthouse. The total development cost of the project is expected to be approximately $53 million, financed primarily with historic tax credit equity, private debt and other sources, Trinity Financial states.

Construction on the courthouse redevelopment project is scheduled to begin in the fall of 2018 with completion projected for the summer of 2020.

“We’re thrilled to have been selected as the development team for the historic rehabilitation of the former Worcester County Courthouse,” says Trinity Financial managing director Kenan Bigby. “This project will provide quality workforce and market-rate housing for the community and breathe new life into Lincoln Square, increasing neighborhood stability and revitalizing a unique piece of Worcester’s history.”

The oldest part of the Worcester County Courthouse, the Greek Revival building on Main Street, was built in 1843 and rebuilt in 1898. The addition on the Harvard Street side of the property was built in 1954. Since its replacement opened down the street, the nearly 250,000-square-foot building has been vacant for a decade. The city bought the courthouse property from the state for $1 in 2014 and has since undertaken asbestos and other environmental-related cleanup on the building.

“This project will be one of the anchors for our Main Street revitalization. With all the residential developments planned, we’re witnessing the emergence of a new downtown neighborhood in Worcester,” says Worcester Mayor Joseph M. Petty. “After years of work, it’s great to see the old courthouse finally moving forward and getting a new life. I want to thank Trinity Financial for seeing the potential in our city and investing in our shared success.”

Trinity Management, an affiliate of Trinity Financial, will serve as property manager for the redeveloped courthouse. The Architectural Team has been selected as the architect for the project and Vanesse Hangen Brustlin has been retained as historic consultant.

Timothy P. Murray, president and CEO of the Worcester Regional Chamber of Commerce, says the project is a critical piece of the puzzle to bring housing downtown and foster a “vibrant 18-hour neighborhood with amenities for residents and visitors alike.”

Trinity Financial is working on a host of projects in New York City and in New England. The company broke ground in October 2016 on phase two of the A. Philip Randolph Houses project in Harlem. In May, the A. Philip Randolph Houses project received the Excellence in Historic Preservation Award from the Preservation League of New York State and also received a Lucy G. Moses Preservation Project Award from the New York Landmarks Conservancy.

Trinity is working on 855 Cortlandt (formerly called 3160 Park Ave.) in the Bronx, a $66-million mixed-use project that will include 152 rental housing units and more than 21,000 square feet of retail space.

Earlier this month, Trinity broke ground on 60 King St., the nearly $22-million redevelopment of a former knife factory in Providence, RI that when finished in 2018 will feature 60 affordable and market rate housing units.

Construction is underway on Trinity’s redevelopment of Orient Heights in East Boston, a 331-unit multi-phased public housing project. Phase one, estimated to cost $52 million to complete, will consist of 120 housing units with a targeted construction completion in early 2018.

This fall, Trinity Financial is scheduling a ribbon cutting on is Treadmark project in Dorchester, MA. The $45-million project will feature 83 housing units and 5,000 square feet of retail space.

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