SilverBrick SkyHouse 340 Main St 381,368 SF Office Building Worcester, MA 01608 For Sale

Scope Commercial Real Estate is pleased to present 340 Main Street, Worcester, Massachusetts, a historic adaptive reuse redevelopment opportunity located in the heart of Downtown Worcester. The property consists of two interconnected buildings totaling approximately 380,000 square feet across 10 stories along Worcester’s primary Main Street corridor.
The approved redevelopment plan includes 312 residential units, 523 self-storage lockers, ground-floor retail space, and amenity areas, creating a mixed-use urban residential asset in one of New England’s fastest-growing secondary markets. The property benefits from 20 parking spaces within the annex building and the opportunity to master lease approximately 300 structured parking spaces, providing significant parking capacity in a supply-constrained downtown market.
Extensive pre-development work and architectural planning have already been completed, and the building permit can be reactivated through payment of permit fees and contractor documentation, positioning the project for a streamlined path toward redevelopment. The development is further supported by an estimated $31.9 million incentive stack, including Federal Historic Tax Credits, Massachusetts Historic Tax Credits, HDIP incentives, and a 15-year Tax Increment Exemption (TIE) approved by the City of Worcester.