Tax deals approved for Table Talk, Armory St. in South Worcester

By Nick Kotsopoulos
Telegram & Gazette Staff

WORCESTER – The City Council Economic Development Committee Tuesday night endorsed a pair of tax-relief deals to facilitate the private redevelopment of three city-owned parcels in the South Worcester Industrial Park, including construction of a 50,000-square-foot industrial building for Table Talk Pies.

By a unanimous vote, the three-member committee approved a tax-increment financing deal for the redevelopment of parcels at 25 Southgate St. and 17 Southgate Place, which is where the $4.6 million Table Talk building will be constructed.

Table Talk will lease the building from the developer, Chacharone Properties LLC.

The committee also approved a so-called TIF agreement for a parcel at 65 Armory St., where the developer plans to construct an 8,000-square-foot building that will be marketed for lease.

Chacharone Properties is acquiring all three parcels from the city.

Approval of the tax-relief deals is considered key to the redevelopment of the properties. The committee’s recommendations will next go before the entire City Council for final approval.

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