1. Davenport Acquires Property in Innovation District

    Chestnut Acquisitions LLC, an affiliate of Davenport Properties, has acquired 151 Chestnut St. in Springfield. The abandoned 70,000 SF building, severely damaged in downtown Springfield’s 2012 gas explosion, is part of the city’s planned Innovation District. Davenport, best known as MGM Springfield’s development partner, is also developer of Davenport Square on Main Street and owner of Springfield Plaza. Charles Irving, a principal of the company, began investing in Springfield in 1994.

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    1. This will be a truly transformative development for our downtown.
    2. Our hope is to create a project similar in scope and spirit to Detroit.
    3. We're starting to see developers building off of the blocks that we put in place with Union Station and MGM Springfield.
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