Real Estate

Lakeside Apartments Awarded Funding For Redevelopment

The Lakeside Apartments in Worcester will undergo redevelopment this summer following a grant from the Healey administration.

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In conjunction with a series of grants made available by the Healey administration, the Lakeside Apartments in Worcester will undergo redevelopment starting this summer.
In conjunction with a series of grants made available by the Healey administration, the Lakeside Apartments in Worcester will undergo redevelopment starting this summer. (Neal McNamara/Patch)

WORCESTER, MA - The Worcester Housing Authority (WHA) announced Friday that it was awarded funding for the reconstruction of Lakeside Apartments in Worcester.

The apartments are the oldest standing property in the WHA portfolio. Built in 1949, it features 202 units. The redeveloped complex will be several yards away and have 350 units, 10 of which will be affordable homeownership apartments.

Governor Maura Healey's administration shared the news last week during a press conference where they announced $158 million in low-incoming housing tax credit and subsidy awards for 14 affordable projects statewide.

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Demolition of the existing buildings is scheduled for July and August this summer, while construction will begin immediately after. The current estimated completion date is June 2027.

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