The Benjamin
ASSET CLASS / LOCATION
Multifamily Apartment Building
ACQUISITION DATE
April of 2025
TOTAL LAND AREA
5.6 acres
TOTAL RENTABLE AREA
364 Residential Units
In April of 2025, Boston Andes Capital, The Michaels Organization, and GoVenture Capital Group closed a 364-unit Class A multifamily development in Worcester, MA. The project includes 365 parking spaces and a range of interior and exterior amenities. BAC identified this opportunity based on Worcester’s population and income growth, competitive rental market, and ongoing urban revitalization efforts. The development benefits from a 15-year Tax Increment Exemption Agreement. The site is located one block from Union Train Station, with direct MBTA Commuter Rail access to Boston in under 60 minutes, and Amtrak service to Providence, Springfield, and New York. It also offers convenient access to I-290, I-90, and I-495, linking residents to major employment centers in Worcester and Greater Boston.