1 Exchange Place

Worcester, MA
Mixed-use

One Exchange Place reimagines Worcester's historic courthouse, police station, and fire station into a vibrant mixed-use development featuring 44 residential apartments and ground-floor commercial space. Located in the heart of downtown Worcester, the project preserves a landmark civic building while contributing new housing to one of the city's fastest-growing neighborhoods. Developed by CMK Development and Timshel Development Group, the rehabilitation combines thoughtful historic preservation with modern residential design, supporting Worcester's continued revitalization through strategic public and private investment.

$16.5M

Project cost

$2.2M

htc equity

HTC Investor

rdp role

Community Impact

Jobs created

83

ENVIRONMENTAL IMPACT

~1,313 metric tons of CO₂e avoided

Attributes

Minority-Owned, Adaptive Reuse