139-unit Worcester housing project faces setback as developer requests extension
A development firm in Springfield wants more time to fully finance a 139-unit apartment complex in Downtown Worcester.
The project from HHM Cube is located at 17 Pearl St., just one block away from Worcester's Main Street. The 11-story, 137,184-square-foot building will feature 139 apartments and 1,629 square feet of retail and common room space on the ground floor, according to the project's application.
The board previously approved the project's site plan and gave HHM Cube a special permit allowing mixed-use development on Feb. 5, 2025.
One year later, HHM Cube says it needs more time to finish financing the project, complete construction drawings and submit a building permit application.
Because site plan approval and the special permit both expired in February of this year, HHM Cube is resubmitting the site plan for approval and is seeking an extension on the special permit.
The planning board will review the firm's request at its April 1 meeting.
Of the 139 apartments, 18 will be available only to those earning 60% or less of the Worcester Metropolitan Area's area median income (AMI).
The AMI for a household depends on how many people are living in a household.
The 60% income limit in the Worcester Metro Area is $52,380 for a one-person household and $59,880 for a two-person household, according to the Department of Housing and Urban Development.
Construction of the project will not result in the creation of new parking spaces, according to plans. Instead, residents will use the Pearl-Elm parking garage, which has 819 spaces, the application reads.
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