Sustainability-minded developers buy seven multifamily properties for $4.65M
PHOTO | COURTESY NAI GLICKMAN KOVAGO & JACOBS
Seven properties on one acre near the juncture of Pleasant Street and Richmond Ave. in Worcester sold in a deal on Wednesday for $4.65 million.
The properties at 831 Pleasant St., 5 Richmond Ave., 9 Richmond Ave. and on Ureco Terrace contain 28 units, totalling 30,526 square feet according to a release by NAI Glickman Kovago & Jacobs whose vice president, David Eldridge, brokered the deal on behalf of the seller.
The buyer was SCIREH Five LLC d/b/a The Worcester Vision Fund. The Worcester Vision Fund is co-sponsored by Sustainable Comfort, Inc. of Worcester and Civico Development, LLC and builds on the success of their Bell Hill Opportunity Fund, which was closed in 2021.