2 MERCANTILE CENTER - NEWLY DEVELOPED FLAGSHIP RESTAURANT BUILDING AVAILABLE TO PURCHASE LOCATED IN THE HEART OF WORCESTER'S CENTRAL BUSINESS ...
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
2 MERCANTILE CENTER
NEWLY DEVELOPED FLAGSHIP RESTAURANT BUILDING
AVAILABLE TO PURCHASE
LOCATED IN THE HEART OF WORCESTER’S
CENTRAL BUSINESS DISTRICT
MERCANTILE
CENTER
Flagship Restaurant Building Available for Purchase at 2 Mercantile Center Property Specifications
After more than $5.6M in renovations, 2 Mercantile Associates, LLC, an affiliate of Franklin Realty MBLU Building Size
Advisors has redeveloped an existing 2-story structure at 2 Mercantile Street in Worcester and has 02/023B/01-C4/ / 16,504 Square Feet
executed a new 15-year lease with the Broadway Hospitality Group (BHG) of Boston.
Property Type Zoning
Land and Building BG-6.0
The new restaurant called "The Mercantile" will feature a 1,500 square foot open patio on the second
floor and promises to be the crown jewel of the Worcester downtown district. The restaurant will Lot Size Sale Price
consist of 16,504 square feet; 3,820 square feet of storage/mechanical space in the basement below 0.2 Total Acres $5,700,000
grade and 12,684 square feet of space on the two floors, large enough to seat up to 500 patrons. MERCANTILE
CENTER
1 2
The Mercantile at 2 Mercantile Street
BHG’s new restaurant will be called "The Mercantile" and will mirror the Boulton & Watt restaurant in
Manhattan as the operator has engaged the same architect to design the Worcester location.
The first floor of the restaurant will feature a 50+ seat bar with both table seating and window
seating throughout, as well as additional outdoor seating for approximately 50 on the Plaza.
The second floor will be a similar
layout to the first with a large
center space bar area. The
highlight of the restaurant design
will be approximately 1,500
square feet of open patio space
at the South end overlooking the
Mercantile Plaza and Mercantile
Street/City Square Plaza. The
space can also be enclosed and
utilized in the colder weather with
steel/glass operable doors.
In conjunction with the completion/
opening of the restaurant this fall,
the owner of both the 2 Mercantile
property and adjacent parcel
intends to upgrade the 6,000+
square foot parcel restaurant
façade, garage façade and land
area, with an urban mural on the
restaurant façade, scrim on the
garage and tree nursery with
accent light poles.
MERCANTILE
CENTER
3 4
Broadway Hospitality Group
Broadway Hospitality Group (BHG) is a full-service hospitality management company
headquartered in South Boston, Mass. They have been serving the Greater Boston area since
2004 with 14 restaurants thoughout Mass./N.Y. including the very successful Tavern in the
Square at Lakeway Commons in the abutting town of Shrewsbury. The hospitality management
group is dedicated to creating and operating unique restaurants all which provide guests with
unforgettable experiences.
BHG, which is behind
the creation and
management of all
the Tavern in the
Square restaurants,
also oversees a variety
of other concepts,
including Tavitas, The
Broadway and The Punk
and Poet. Each of their
restaurants has its own
identity, but they all
share the same goal.
They are designed to
fit the neighborhoods
in which they are
located and to provide
memorable experiences
with every visit. They
achieve this by providing residents and visitors the opportunity to feel like they are part of a
special environment created specifically for them with localized food, craft cocktails and a vibrant
atmosphere. BHG believes in leading by example.
The company is owned and operated by three local restaurateurs who have been part of the Boston
restaurant scene for decades. With guests as its priority and their unparalleled commitment to
excellence, BHG's mission is to exceed expectations and create the ultimate guest
experience. Worcester will be the largest flagship location of the Broadway concept.
MERCANTILE
CENTER
5 6
MERCANTILE
CENTER
A Growing Downtown Business District 2 Mercantile Center Opening Late Fall 2021
At the center of Worcester’s resurgence is City Square, the +/- 2 million square foot mixed-use With The Mercantile's opening in Fall of
project set on 20 acres in the heart of the central business district. The $565 million multi-phased 2021 combined with the late Summer
project is the largest single Public-Private Partnership in Massachusetts history outside of Boston 2022 opening of Ruth's Chris, The Plaza at
and has been the catalyst for additional investment by private investors in downtown Worcester. Mercantile Center is becoming activated
and will be a downtown destination for
Within City Square, Mercantile Center is the $90 million project developed by Franklin Realty dining and entertainment,
Advisors. Comprised of two best-in-class office towers at 100 and 120 Front Street containing
510,400 SF of office space, 125,000 SF of retail space, and a 1,647-space structured parking garage.
MERCANTILE
CENTER
7 8
MERCANTILE Worcester,Massachusetts At a Glance
The Heart of the Commonwealth
CENTER
As New England’s second-largest city, Worcester offers a thriving culture, dynamic business growth,
$2.6B+ 38,000+ 20
and has been nationally ranked by U.S. News and Forbes as one of the best places to live. Its world-class recently completed, ongoing, college students weekday commuter trains
or proposed projects to Boston
hospitals and healthcare systems have attracted leading healthcare, life science, and biotechnology
11 60min 3miles
companies; and its twelve colleges and universities have brought a diverse mix of talent who bolster the
city’s progressive and innovative future. With its thriving restaurant scene, an emerging craft brewing
locale, and its perfect blend of arts, entertainment and nightlife – Worcester has a bit of something colleges and universities train ride to Boston to Worcester Regional Airport
for everyone. Even major league baseball! Worcester is now home to the Boston Red Sox triple-A minor in Greater Worcester
league affiliate – the Woo Sox - who play just a short walk from 2 Mercantile.
Area Amenities Within Walking Distance
BirchTree Bread Company Crust Artisan Bakeshop Lock 50 VIA Italian Table WooHaHa Comedy Club Worcester Art Museum
Brew on the Grid Deadhorse Hill Mezcal Tequila Cantina Volturno Pizza Napoletana Downtown Dog Park BrickBox Theater
110 Grill Broth DCU Center Whiskey On Water
El Patron Restaurant Protein House Wachusettt Brewery ArtsWorcester
111 Chop House Chashu Ramen & Izakaya Polar Park
Fuel America Russo Italian Restaurant Wormtown Brewery Worcester Market
Armsby Abbey Compass Tavern Hanover Theater
Gong Cha Smokestack Barbecue Worcester Ice Center
Baystate Brewing Coney Island Mechanic’s Hall
Jimmy John’s UNO Pizzaria & Grill Historical Museum
Beer Garden Worcester Palladium
MERCANTILE
CENTER
9 10
2 MERCANTILE CENTER
William D. Kelleher Todd S. Alexander
508-635-6785 508-841-6201
wkelleher@kelleher-sadowsky.com alexander@kelleher-sadowsky.com
Jim Umphrey Meghan Liddy
508-635-6790 508-635-6797
umphrey@kelleher-sadowsky.com liddy@kelleher-sadowsky.com
Franklin
Realty Advisors
You can also read
