Historic Adaptive Reuse
The six-story Worcester Five Cents Savings Bank at 316 Main Street, was designed by Stephen C. Earle and completed in 1891. As an integral part of the Mechanics’ Hall Historic District, the building retains historical importance as it is revitalized into mixed-use space with 23 residential units above a street-level commercial storefront.
Benefits and Values
- Distinguished by its Romanesque Revival design combining limestone, buff brick, and unique rounded bay corners.
- Originally built for Worcester Five Cents Savings Bank (founded in 1854), the bank first used the second floor, later expanding to occupy the entire building by 1953; it was later merged into Bank of New England in 1988.
- The current renovation creating 23 apartments and street-level commercial space is a thoughtful adaptive reuse that strengthens the area’s historic fabric and supports urban vibrancy.
- Situated across from Mechanics Hall and within a cohesive block of late-19th-century architecture, the project enhances a culturally rich urban corridor
- New residential occupants will help fuel local business activity and contribute to downtown density and walkability.
316 Main St
316 Main Street, Worcester MA 01608
Giuliana Iavarone, Leasing and Sales Senior Manager
giuliana@cebuilds.com
508-739-6100