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MG2 Group secures $38M for Grid properties
The MG2 Group, owners of the Grid District, have secured a $38 million floating-rate loan for Bancroft on the Grid and Portland on the Grid, two adjacent multifamily properties with commercial space along Worcester Common.
The loan will facilitate the assets’ transition to luxury apartments amid Worcester’s revitalization and provide necessary capital to build out two high-end restaurant spaces at ground level.
“John McGrail and MG2 have been pioneers in Worcester dating back more than a decade, and Ladder Capital took the time to understand just how much is going on in the local market,” Tom Sullivan, executive director of Cushman & Wakefield’s Boston debt practice, said. “This loan will allow MG2 to fulfill the vision it has had for these assets and turn them into two of Worcester’s premier housing and entertainment destinations.”
Bancroft and Portland combine to total 335 residential units and 27,000 square feet of ground-floor commercial space. They are part of a larger contiguous assemblage of 540 units and 60,000 square feet of commercial space that MG2 rebranded as The Grid District in 2016.
WPI inducts six into Hall of Fame
The WPI Athletic Department, Poly Club, and Hall of Fame Selection Committee its 35th Class, the Class of 2017.
The six newest members were inducted last Friday as part of Homecoming Weekend.
The inductees were Jason Benoit ’88 (wrestling), Nick Fluet ’01 (football), Lee C. (Helberg) Conroy ’05 (basketball and volleyball), Nickie Hunter ’93 (field hockey and softball), Malcolm MacPherson (men’s soccer), and F. David Ploss ’70 (crew). Dave Abraham was recognized as the Frank C. Harrington (1898) Award recipient.
Bancroft sophomore wins state triathlon championship
Page Cassidy, 15, a sophomore at Bancroft School, won the girls high school championship at the recent Hyannis Triathlon 2, a race designated as the Massachusetts state high school championship by the national organization USA Triathlon.
Starting and finishing at Craigville Beach, Page completed a quarter-mile swim in 5 minutes, 5 seconds, followed by a 10.2-mile bike race (33.33 minutes), and a 3.6-mile run (26.55 minutes). With a finish time of 1:07:48, she also ranked third among females overall.
“It was an honor to compete at this level and be successful. It makes all the hard work and training worth it,” Cassidy said. The Hyannis win was the culmination of a successful triathlon season that began in May and took Page to competitions in Virginia, Wisconsin, Ohio and Cambridge this summer.
Women in Action Symposium Sept. 22
Women In Action Inc. will hold its fifth annual symposium at 5:30 p.m. Sept. 22 at YWCA of Central Mass., Salem Square.
The theme of this year’s symposium is “Preparing Your Journey” to help get participants motivated in building their foundation.
Speakers include author and motivational speaker Clementine Bihiga; Dr. Mattie Castiel, commissioner of Worcester’s Department of Health and Human Services; Lilian Chukwurah, founder of Lilly Legal; Virginia Navickas, former director, Domestic Violence, YWCA of Central Mass.; Worcester City Councilor Kate Toomey; and Alexis Travis, city of Worcester chief of Community Health.
Admission is $10, $5 for students.
New Davis Art Gallery exhibit opens Sept. 22
The Davis Art Gallery’s new exhibit, “Nonobjective NOW: New England Artists Explore Abstraction,” will open Friday, Sept. 22, and run through Jan 5.
An opening reception will be held 5-7 p.m. Friday, Sept. 22, at the Davis Art Gallery, 44 Portland St., third floor.
The exhibit features 65 artists whose works includes painting, sculpture, photography, ceramics, fiber art, mixed media, and design.
Featured artists are Andrew Anderson, Catherine Armistead, Bayda Asbridge, Paul Beaudoin, Dorothy Benedict, Rachel Benson, Susan Black, Eddie Bruckner, Don Bullens, Helen Canetta, Jennifer B. Caswell, Julie Chen Merritt, Doreen Connors, Andrea Driscoll, Curtis J. Emerson, Margaret Emerson, Susan J. Fisher, Fogger, Sharon Freed, Carol Frieswick, Elizabeth P. Glixman, Kimberly Guthrie, Tighe Hanson, Amanda Kidd Schall, Caren Kinne, Deborah Roberts Kirk, Ruth A. LaGue, Terry Lamacchia, Marybeth Lensel, Edward Lilley, Virge Lorents, Virginia Mahoney, Dina Martinelli, Bethany McNaught, Anne Diamond McNevin, Elizabeth Mercedes, Emma Murphy, Kathy Murray, Christopher O’Connor, Stacey Parker, Pat Paxson, David Phoenix, Carolyn Quirk, Karl Recknagel and Andrei Kersha, Karen Reid, Nancy Rich, Beverly J. Roder, Lindsay Roumelis, Melissa Scheid Frantz, Rachel Schwemin, Hogan Seidel, Lisa Shea, Lynn Simmons, Dennis Smith, Kyle Stockford, Cathy Weaver Taylor, Robert Thurlow, Jill Watts, Catherine Wilcox-Titus, Neil Wilkins, Janice Williams, Agnes Wyant, Tammy Wyatt, Joanne Zeis, Michael Zeis.
Regular gallery hours are 8:30 a.m.-5 p.m. Monday-Friday.
City to Saddle to host farm-to-table dinner
City to Saddle, a nonprofit organization committed to providing underserved Massachusetts children access to outdoor farm-related programming, will hold a farm-to-table dinner fundraiser at 3 p.m. Sunday, Sept. 24, at Mesa Farm, 67 Muschopauge Road, Rutland.
The three-course tasting menu will be prepared by Roots Natural Foods Market Kitchen + Organic Juice Bar and will use ingredients sourced by Lettuce Be Local’s network of area farms. Diners can expect local meats, cheeses, wines and seasonal fruits and vegetables.
Silent and live auctions will provide attendees the opportunity to bid on sporting event tickets, vacations, artwork, jewelry, wine and other prizes. The evening will include live music and art by local artists.
Tickets are $99 and may be purchased online at www.citytosaddle.org. Tickets will not be sold at the door. For more information, call 800-354-6324 or email firstname.lastname@example.org.