526 Main St. in Worcester to be redeveloped for co-working space, retail

A former pawn shop and check-cashing business on Worcester’s Main Street will soon be redeveloped into co-working, maker space and new retail spaces.

Menkiti Group, a real estate development company based in Washington, D.C. that has an office in Worcester, announced Wednesday that it had officially purchased 526 Main St., across the street from the Hanover Theatre. Retail spaces on the ground floor are already being advertised for lease, including a corner restaurant space.

When the project is complete, the second floor will be taken up by co-working space that will also include a creative maker space for local artisans.

• Read more: Worcester’s historic Slater Building could be converted to apartments

“We are proud to announce the acquisition of 526 Main St., which further enhances our mission of transforming lives, careers and communities through real estate,” said Bo Menkiti,…