$2B
Northborough Crossing, the plaza known best by its anchor Wegmans Food Markets, will change hands early next year in a complete takeover by New York-based Kimco Realty of the shopping center’s owner RPT Realty. Northborough Crossing will be among 56 shopping centers that Kimco will acquire for $2 billion when it gets ownership of RPT Realty’s portfolio. Kimco Realty is deemed to be the largest owner and operator of open-air shopping centers, with 528 properties in North America. The companies have reached a definitive merger agreement and plan to close on all assets early next year.
228
A 228-apartment building on Madison Street, right across the street from where WooSox fans line up to enter Polar Park, is set to take in its first tenants later this year. Called The Revington, the project is a seven-story development with market-rate units and retail space that could open as early as late October, according to Julia Falcone, general manager for Gables Residential Communities. Located between Madison and Washington streets and Green Island Boulevard, the development contains two connected buildings with 48 studios, 120 one-bedroom rooms, 55 two-bedroom rooms and five three-bedroom units, according to Falcone.
342-356
Three Franklin Street warehouses could face demolition amid a company’s plans to revamp a century-old industrial area for business tenant use. Described in their owner's application to the Planning Board as “unsightly, hazardous,” the warehouses are at the end of a row of early 20th-century buildings near Franklin and Suffolk streets. Owned by DCCI Properties LLC and located at 342 and 356 Franklin St., the warehouses total about 103,600 square feet. DCCI Properties LLC is connected to high-noise environments headset maker David Clark Co., which has offices in a red brick building nearby that the company plans to keep.
$21,000
The state has fined a Worcester company nearly $21,000 for illegally dumping contaminated wastewater from animal hides. Boston Hides Limited Co. released the wastewater on unpaved land outside its facility at 24 Jolma Road without a permit, according to the state Department of Environmental Protection. The company also failed to properly manage and transport waste oil. The fine was paid and the company agreed to all the settlement terms, said Boston Hides CFO Jim Bidgood. The terms call for the company to test the soil potentially impacted by the wastewater discharge using the state's waste site cleanup program and conduct any necessary cleanup actions.
370
A 370-apartment building on the site of the former Our Lady of Mount Carmel Church on Mulberry Street, Alta on the Row, is nearing completion, according to developers Wood Partners. The company expects the first tenants to move in Jan. 2. For its one-, two- and three-bedroom apartment options, Wood Partners will start to take in preleasing as early as November, according to the company. Rent prices have not yet been set, the company says. In May of last year, Georgia-based developers Wood Partners East Acquisitions acquired the property for $5.6 million
This article originally appeared on Telegram & Gazette: Business Matters: Central Mass. by the Numbers