|Southeast Corner (East Elevation) of Junction Shops (right) with Other Historic Junction District Mill Buildings in Background (left)|
|Southern Elevation of Junction Shops|
|Location of Junction Shops Property (Brown) in Relation to Downtown Worcester|
|Detail of the 4.6 acre, 200,000 SF + Historic Junction Shops Property on Beacon St. in Worcester's Junction District|
In an earlier post I proposed redeveloping the property as the Commonwealth's Video Game Design & Development Incubator. (Click this link to view the post, read about the history of the site and learn more about the growing video game design industry and Worcester's leadership role it currently plays in the industry). I believe we have a once in a lifetime opportunity here to restore a historic factory building that symbolizes Worcester's important role in the Industrial Revolution and puts it to productive use for today's growing and ever important Knowledge Economy. Bottom line, I don't care what it becomes, as long as it is saved.
I spoke to the owner of the property a while back, he really has no interest in developing the property. He says he will sell, but is tired of developers asking for long term options which tie up his property for months on end and then don't close. He told me: "$1.5MM sale price, $100k down, 30 days due diligence, 60 days to close" would be a deal he would be thrilled to hear right now. It's a starting point.
I'm willing to pledge $100 of next week's unemployment check (thankfully my wife does not read the blog) towards the down payment if it will help. I know it's not much, but its a start........ Just $1,499,900 to go....