Worcester, MA, May 28 — Maugel DeStefano Architects joined The Michaels Organization and GoVenture Capital, along with city, state, and local officials to celebrate the groundbreaking of The Benjamin on Franklin, a $120 million residential development in downtown Worcester. This significant milestone was achieved by the successful support of both public and private sectors, including the Executive Office of Housing and Livable Communities, City of Worcester, and Worcester Regional Chamber of Commerce.
The Benjamin on Franklin will deliver 364 apartment homes within a five-story building, offering more than 80,000 square feet of premium amenities. Thirty-six residences are allocated as affordable, available to households earning up to 60 percent of the area’s median income. Apartment options include studios, one-bedroom, and two-bedroom floorplans, all featuring private balconies or courtyards, quartz countertops, recessed lighting, walk-in closets, 9-foot ceilings, and energy-efficient appliances.
Residents will enjoy thoughtfully designed co-working environments, a game room, a rooftop deck, a modern fitness center, a dedicated pet spa, and flexible work-from-home spaces. A three-quarter-acre exterior courtyard enhances the urban living experience with recreational lawns, fire pits, a dog park, an outdoor kitchen, and grilling stations—all designed to foster a vibrant resident community. Secure bike storage and electric vehicle charging stations are also provided.
Video credit: Robert Smith / The Michaels Organization
The development team includes The Michaels Organization, a national leader in residential real estate, and GoVenture Capital, a real estate and investment firm based in Worcester. D.F. Pray will serve as the General Contractor. Maugel DeStefano Architects is providing planning and architectural services.
About The Michaels Organization
Michaels is a national leader in residential real estate, offering full-service capabilities in development, property and asset management, construction, and investment. Serving more than 200,000 residents in more than 600 communities across 39 states, the District of Columbia, and the U.S. Virgin Islands, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity, and to creating Communities That Lift Lives.
About GoVenture Capital
Based out of Worcester, MA, GoVenture acquires, develops, and manages residential and commercial properties that contribute to the vitality and growth of our local communities. Our philosophy is focused on maintaining a creative and flexible approach to all opportunities, while formulating a plan that generates the greatest value for all stakeholders. GoVenture targets gateway markets and select urban and suburban markets that have key indicators showing liquidity, population growth, economic diversity, and other positive demand trends. Founded in 2018 and built on a foundation of discipline, innovation, sustainability, and integrity, we seek partners that embody the same values.
