The Westborough Shopping Center, the Route 9 plaza anchored by Stop & Shop and Staples, is headed for a foreclosure auction scheduled for Dec. 8, 2026, at 11 a.m. The sale comes as the property's owner also holds town approval for a very different future: a redevelopment plan that would bring more than 100 new housing units to the site.
The auction was scheduled by First Tech Federal Credit Union, according to Banker & Tradesman. NBC Boston reports that First Tech Federal Credit Union was formerly named Digital Federal Credit Union. The properties at 18 and 30 Lyman St. are owned by Westborough-based Colangelo Massachusetts Real Estate LLC, which received financing from Digital Federal Credit Union in December 2022, per Banker & Tradesman's reporting.
The two outlets differ on the mortgage's size and timing. NBC Boston, in a report published Nov. 9, 2026, says the credit union provided the mortgage “just last year,” or in 2025, while Banker & Tradesman says it was received in December 2022. The outlets also report different amounts: NBC Boston's reporting puts the mortgage at $32 million, while Banker & Tradesman reports a $30.75 million mortgage from Digital Federal Credit Union. Hoodline could not independently reconcile the discrepancy, and neither figure is presented here as definitive.
Two Buildings, Two Very Different Price Tags
The shopping center itself is split across two addresses. The 18 Lyman St. property holds a 161,545-square-foot retail building with 12 commercial storefronts that was completed in 1979, according to Banker & Tradesman. The 30 Lyman St. property includes a restaurant and a 187,530-square-foot retail building built in 1981, anchored by the Stop & Shop supermarket, the outlet reports.
Westborough's own tax rolls value the two parcels very differently. The town assesses the 18 Lyman St. property at $12.9 million and the 30 Lyman St. property at $15.8 million, per the same Banker & Tradesman account.
Even the center's overall footprint is in dispute across the record. Banker & Tradesman reports that the property contains five buildings totaling 371,425 square feet, while a 2003 article in the Milford Daily News described the center as a 422,000-square-foot mixed-use development at the intersection of Route 9 and Lyman Street. That same 2003 article identified Super Stop & Shop and Staples as the center's two anchors at the time — the same two retailers tied to the property today.
A Housing Plan Already Approved by the Town
The foreclosure timeline collides with a redevelopment push that's been years in the making. Westborough officials approved a special permit in 2024 allowing Colangelo Real Estate to convert three buildings into 111 housing units with ground-floor retail space, according to Banker & Tradesman.
That approval followed an evolving proposal tracked by the Community Advocate. A late-2023 version of the plan called for demolishing the former HomeGoods building and an adjacent retail space to make way for a four-story structure, with another existing building, the J&N Professional Building, modified to add 21 units to its second floor. An earlier iteration of that 2023 proposal sought 132 total dwelling units.
The affordability terms attached to the project also shifted between accounts. The 2023 proposal called for 20% of units to be affordable, while a later description of the approved plan said 25% of the units would be affordable under an agreement with the town's Affordable Housing Trust, according to Community Advocate's reporting on the Planning Board approval. Whether that approved housing plan has broken ground, or how the scheduled foreclosure auction might affect its path forward, isn't addressed in the available reporting.
