Downtown Development Financing

Client: Berkley Investments
RKG Associates, Inc., was retained by a major developer to help prepare a public/private financing strategy for the redevelopment of a major failed project, known as the Outlet Commons, in downtown Worcester, Massachusetts. The proposed new development would consist of over 2 million SF of new construction, to include approximately 900 housing units, 600,000 SF of medical office and R&D space as well as approximately 200,000 SF of retail and restaurants. RKG helped prepare an application for a $75 million bond issue to fund some of the unique demolition and infrastructure costs associated with this project.