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MCPHS University Purchases 15 Belmont St. in Worcester – The “Morgan Building” – for $2.9M

1/9/2013


On January 9, MCPHS University, formerly known as Massachusetts College of Pharmacy and Health Sciences, announced today it has purchased the property at 15 Belmont St., located in Lincoln Square at the corner of Belmont and Lincoln Streets – known locally as the “Morgan Building” – for $2.9M.

The 3.5 acre property is comprised of two interconnected buildings, totaling approximately 90,000 square feet. MCPHSU plans eventually to redevelop the property into rental apartments for its graduate students, faculty, and staff.

“The Worcester campus attracts graduate-level students from 39 states and abroad, and to continue to enroll the highest-qualified students we must continue to provide first-class housing opportunities,” said President Charles F. Monahan Jr. “The Morgan Building sits adjacent to WPI’s Gateway Park, and we believe this development will complement the exciting and dynamic revitalization of Lincoln Square and north Main Street.”

When first constructed, the Morgan Construction Company building housed Morgan’s manufacturing of steel rod and bar rolling mills and bearings for the steel industry, before it moved its manufacturing operations to Goldsberry Street. In more recent years, this was the site of the company’s executive offices.  In 2008, the company was purchased by Siemens.

In September, MCPHSU announced it plans to double the enrollment of the Worcester campus (currently 1,200 students) in the coming years. The University plans to increase capacity in its existing Worcester-based academic programs and also plans to develop additional programs for the campus. Since opening in 2000, the University has invested more than $350 million in downtown Worcester.  

The Worcester campus offers programs that include Doctor of Optometry, Doctor of Pharmacy, Doctor of Physical Therapy, PhD in Pharmacology and Pharmaceutics, Master of Science in Pharmacology and Pharmaceutics, Master of Physician Assistant Studies, and Bachelor and Master degrees in Nursing.