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Lakeside Redevelopment Project

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Project Summary

The Worcester Housing Authority has begun the complete redevelopment of Lakeside Apartments. On this page, you will be able to track the progress on this multi-phased project, find links to local media coverage, answers to frequently asked questions, and much more. This page will be updated to reflect new information and updates as the project moves forward. For questions about the redevelopment, please email LakesideRedevelopment@worcesterha.org.


WHY REDEVELOPMENT?
Lakeside Apartments at 30 Lakeside Ave., which was built in 1949, consists of 202 units over 75 years old. They cannot provide adequate amenities to meet the needs of our residents in 2023. Additionally, there are just two wheelchair-accessible units, and the demand for accessible units is increasing citywide. With those and other factors in mind, the WHA started the process of procuring a developer to assist in the reimagining of the entire Lakeside property.

Through the selection process, the WHA Board of Commissioners voted unanimously to hire Tremont Development LLC Partners, along with woman-owned E3 Development LLC.

AT A GLANCE

  • This project will replace all existing units, creating approximately 350 total units.

  • The Project will provide a wide range of affordability options, with tiers at 30 percent, 60 percent, 80 percent, and 100 percent of Annua Median Income(AMI).

  • Redevelopment will improve accessibility and energy efficiency through new construction and sustanable design and will execute required minimums of mobility and sensory-accessibly units.

  • A phased construction approach will minimize relocation of current residents.

  • WHA and Tremont have held multiple resident and public meetings for complete transpareny and to ensure all interested parties have a chance to be heard with any questions and concerns they may have.

  • The project is being done through either Section 18 Demolition/Disposition or the Resident Assistance Demonstration (RADP program), which allows WHA to leverage future guaranteed rents and subsidies to secure the funds needed to bring the project to fruition. Funding will come from multiple sources at the local, state, and federal levels.


Phase 1

  • 48 units will be demolished.

  • 116 new apartments will be built.

  • Demolition will begin in July.

  • Construction will start in August and finish in 2027.

  • Impacted buildings are 34, 36, 38, 40, 42, 44, and 46 Lakeside Ave., and 19 Garland St.

  • Relocation is underway and expected to be completed by end of May 2025.


Phase 2

  • 13 units will be demolished.

  • The buildings impacted are 52, and 54 South Circuit Ave.

  • 10 affordable homeownership units will be built.

  • Phase 2 will run alongside Phase 1 and finish in 2027.


Phase 3-4

  • Expected to begin in 2027.


Powerpoint


SELECT ON TOP RIGHT PAGE FOR LANGUAGE TRANSLATION






Meeting Minutes

SELECT ON TOP RIGHT PAGE FOR LANGUAGE TRANSLATION

LAKESIDE REDEVELOPMENT FREQUENTLY ASKED QUESTIONS October 2024
Posted: 10/28/2024













Lakeside Property Photos







Meet the Developers


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RICH MAZZOCCHI

With over 25 years of multifamily housing experience, Mr. Mazzocchi is responsible for leading the development initiatives and asset management functions of Tremont Development. During his tenure at Boston Capital, he gained extensive expertise in both affordable and market rate multifamily housing sectors, including the investment of over $1 billion in communities throughout the US. Mr. Mazzocchi served as the Director of Acquisitions in Boston Capital’s market rate housing group and was involved in the acquisition/development of over 12,500 multifamily units representing $1.5 billion of assets. Mr. Mazzocchi received BS in Finance from Babson College and an MBA from Northeastern University.
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ELIZA EDELSBERG DATTA

With more than 20 years of real estate development experience in northeast markets un her belt, Eliza founded E3 Development in 2018 to pursue development opportunities and related advisory roles. The company focuses on affordable and mixed-income residential projects, responding to the needs and priorities of local communities. Previously charged with directing real estate development activities for The Community Builders, she oversaw a $1-billion pipeline of affordable and mixed-income housing projects in the New England region.

News & Press Releases


WHA receives $23M from state for Lakeside Apartments redevelopment
Posted: 2/21/2025

Lakeside Apartments Awarded Funding For Redevelopment
Posted: 2/20/2025

Lakeside Apartments Project Receives $22 Million from Mass.
Posted: 2/20/2025

Worcester's Lakeside Apartment redevelopment gets state money
Posted: 2/20/2025

Worcester Housing Authority Lakeside Apartments revitalization News Letter
Posted: 4/07/2024

Worcester Housing Authority planning complete redevelopment of Lakeside Apartments
Posted: 10/16/2023

Worcester Housing Authority selects Boston Capital Development for Lakeside Apartments redevelopment
Posted: 4/28/2023

Table Talk Lofts developer selected for WHA 374-unit Lakeside Apartments project
Posted: 5/1/2023

Lakeside Apartments in Worcester to be demolished, 374 new units built
Posted: 5/1/2023

Developer behind Canal District project to redevelop Lakeside Apartments
Posted: 5/1/2023

Major Redevelopments Coming To Worcester's Lakeside Apartments
Posted: 5/1/2023

Developer Sought To Rebuild Lakeside Apartments Project In Worcester
Posted: 11/7/2022

Worcester Housing Authority to demolish, redevelop Lakeside Apartments
Posted: 11/7/2022

Worcester Housing Authority assessing potential redevelopment of Lakeside Apartments
Posted: 11/7/2022

WHA to redevelop Lakeside Apartments into 250+ low-income and affordable units
Posted: 11/3/2022




Services




Worcester Housing Authority
630A Plantation Street
Worcester, MA 01605
Phone: 508-635-3000
Hours: 8:00 AM - 4:30 PM