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Boston & New England  + Metro Boston  + Apartments  | 

Eaton Vance Pays $157M for Newly Built Worcester Apartments

Morgan Stanley’s Eaton Vance Real Estate Investment Group has acquired Alta on the Row, a 370-unit apartment complex in Worcester, MA that opened in 2024, for $157 million. The Boston Business Journal reported that the property is the largest of a recent series of new apartment buildings to open in and around Worcester’s downtown.

Alta on the Row was built by Atlanta-based Wood Partners, a multifamily developer whose local portfolio also includes Alta-branded properties in Somerville, Framingham, Marlborough, Wayland, Walpole, Abington, Stoneham, Bolton and North Attleborough, the Business Journal reported. It stands on a former church property near Worcester’s Shrewsbury Street, which is popular for its restaurants, and across I-290 from the city’s downtown.

Wood Partners paid $5.6 million for the property in 2022. The site formerly contained the Catholic Mount Carmel church, which was demolished after preservation efforts failed. The church parish merged with another in Worcester.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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