1. Articles in category: Business Development

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    1. Deteriorated building across from MGM Springfield to be demolished; owner renews plans for Hilton Hotel

      Deteriorated building across from MGM Springfield to be demolished; owner renews plans for Hilton Hotel

      The owner of a deteriorated Park Street building in the South End — which was branded a safety hazard by city officials — said Thursday it will be demolished in the coming weeks under the terms of a court agreement. Louis Masaschi of JLL Realty Development in Longmeadow said that demolition will take place in the next 30 to 45 days, “if not sooner.” It will allow him to proceed, he said, with a long-planned 100-room Hilton Hotel on the site, across the street from MGM Springfield.

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      Mentions: Springfield
    2. ‘This going to be the hottest restaurant in Springfield’: Peter Picknelly, Andy Yee make plans for 13-31 Elm

      ‘This going to be the hottest restaurant in Springfield’: Peter Picknelly, Andy Yee make plans for 13-31 Elm

      Interior environmental cleanup continues at the long-awaited Court Square project downtown, but developer Peter A. Picknelly said he and his restaurant partner Andy Yee are already discussing a new restaurant for the first floor. “We’re working with a design team,” Picknelly said following a city-led celebration of the project Thursday featuring Gov. Charlie Baker, Lt. Gov. Karyn Polito, U.S. Rep. Richard Neal and others.

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    3. Elm Street project ready to roll; site being transferred to developers

      Elm Street project ready to roll; site being transferred to developers

      The long-awaited start of construction at the former Court Square Hotel property at 13-31 Elm St. is ready to commence as the downtown property is being transferred to developers. WinnCompanies of Boston, and co-developer Peter Picknelly’s Opal Real Estate, of Springfield, will transform the historic hotel site into apartments after the Springfield Redevelopment Authority completes a hazardous materials cleanup at the downtown site. Transfer of the property will not take place until after that work is completed in November.

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    4. Coronavirus: Chicopee offering grants to small businesses struggling to stay in operation

      Coronavirus: Chicopee offering grants to small businesses struggling to stay in operation

      The city will be offering loans to local businesses to help them to continue to operate and keep their employees working during the coronavirus pandemic, even if it is remotely. Officials have received approval to reallocate $150,000 in the anti-poverty Community Development Block Grant money it receives from the federal government to help small businesses. The loans are designed to provide immediate short-term relief to small businesses, Mayor John L. Vieau said.

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    5. 'We want people to dine and meet outside’: Springfield makes ordinance allowing outdoor seating at restaurants permanent - masslive.com

      'We want people to dine and meet outside’: Springfield makes ordinance allowing outdoor seating at restaurants permanent - masslive.com

      City officials are encouraging more businesses to apply for permits to offer outdoor dining for their customers, saying they believe it provides more than fresh air.  At a meeting Monday, the City Council voted unanimously to make the outdoor seating ordinance permanent. The ordinance, originally set to expire after a year, allows restaurants and other businesses to apply for permits to have tables outside on city sidewalks and other public ways.

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      Mentions: Springfield
    6. Springfield creating casino impact district to spur development around MGM resort

      Springfield creating casino impact district to spur development around MGM resort

      Springfield’s chief development officer told officials this week that new zoning and special incentives are part of the city’s strategy for luring developers to vacant and blighted properties near the MGM Springfield casino. At this week’s meeting of the Massachusetts Gaming Commission, city Chief Development Officer Timothy Sheehan said the multi-phase effort includes creating a downtown casino impact district and bringing tenants to buildings along Main Street directly across from the casino.

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    7. 'Never gave up’: Springfield considers $4 million in spending to aid Court Square housing project - masslive.com

      'Never gave up’: Springfield considers $4 million in spending to aid Court Square housing project - masslive.com

      Mayor Domenic J. Sarno is asking the City Council to approve $4 million in spending to assist a planned $55 million housing redevelopment project at Court Square, saying the city, state and developers “never gave up” on saving the long-vacant historic building.  The council will consider approving the city bond funds at its meeting Monday night, and will also consider approving a plan by MGM Springfield to provide $16 million to the project at 13-31 Elm St.

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    8. Roderick L. Ireland Courthouse in Springfield neglected as sleepier courthouses got multimillion-dollar rebuilds, newly released statistics show - masslive.com

      Roderick L. Ireland Courthouse in Springfield neglected as sleepier courthouses got multimillion-dollar rebuilds, newly released statistics show - masslive.com

      Newly released statistics show that, despite being among the busiest courthouses in the state, the Roderick L. Ireland Courthouse on State Street has been financially neglected in comparison with its sleepier counterparts.  In fact, since 1999, Hampden County ranks near the bottom of $1.4 billion in expenditures on maintenance, repairs and new construction for courthouses across 13 of the state’s 14 counties. Data was not available for Nantucket County.

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      Mentions: Springfield
    9. Springfield BID buys former Skyplex building at Stearns Square, borrows to renovate for an unnamed tenant

      Springfield BID buys former Skyplex building at Stearns Square, borrows to renovate for an unnamed tenant

      The Springfield Business Improvement District obtained more than $1.68 million in loans and grants from MassDevelopment last month to renovate the interior of the former Skyplex entertainment complex at 8-12 Stearns Square for an as-yet unnamed tenant. The BID also bought the 105-year-old building from MassDevelopment for the nominal fee of $100, also according to documents on file with the Hampden County Registry of Deeds.

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    10. River Valley Co-op seeks building permits for Easthampton store; demolition of former Fedor dealership to begin soon

      River Valley Co-op seeks building permits for Easthampton store; demolition of former Fedor dealership to begin soon

      With a property purchase complete, River Valley Co-op is now seeking a building permit for its new store on Route 10 and plans to start demolition of the former Oldsmobile dealership at the site later this month. The $18 million, 23,000 square foot store will open in the spring of 2021 after about a year's construction, said River Valley Co-op General Manager Rochelle Prunty.

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    11. Economic development in Western Massachusetts

      Economic development in Western Massachusetts

      From a future economic development point of view, one of the biggest strength of Western Massachusetts is being home to some of the best, world-class colleges and universities. A recent University of Massachusetts publication, massachusetts.edu/impact, finds each campus of the University of Massachusetts has a tangible and intangible impact on its host region, through economic development, hiring, student and employee spending, and service and engagement activities.

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    12. Knox building — once a Springfield automobile factory — getting $57M makeover into apartments

      Knox building — once a Springfield automobile factory — getting $57M makeover into apartments

      Gordon Pulsifer — the developer behind the ongoing rehab of Indian Motorcycle, Mason Square Fire Station and the Outing Park apartment complex in the South End -- plans a $57 million, 114- apartment rehab of the long-derelict Knox Building just across Wilbraham Road from Indian Motorcycle.

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    13. Walsh Park in Liberty Heights neighborhood slated for $1M transformation

      Walsh Park in Liberty Heights neighborhood slated for $1M transformation

      Walsh Park in Springfield’s Liberty Heights section is basically an empty field ringed by trees. But by the summer 2021, the 12-acre park tucked back in a residential neighborhood near Interstate 291 will have two inclusive playgrounds — one for ages 2 to 5 and another for ages 5 to 12 — a baseball/softball field, all-access walking path, splash pad, picnic area new entrances off both Van Buren Avenue and Freeman Street and a pollinator meadow.

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    14. What’s next for Holyoke’s Lynch School? Colvest Group weighs options after Planning Board rejects retail, bank proposal

      What’s next for Holyoke’s Lynch School? Colvest Group weighs options after Planning Board rejects retail, bank proposal

      Representatives from The Colvest Group told the city Wednesday that they are going to regroup internally following Tuesday night’s Planning Board rejection of the company’s plans for the former site of the John J. Lynch School. Frank Colaccino, CEO and founder of The Colvest Group, said Wednesday he doesn’t know whether his company will move forward with a project at the site. The company will have to make a decision within a few weeks, he said.

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    15. Westmass Area Development Corp. Moves Corporate Offices to Downtown Springfield

      Westmass Area Development Corp. Moves Corporate Offices to Downtown Springfield

      Westmass Area Development Corp. announced the opening of its new corporate offices in downtown Springfield. Located at One Monarch Place, Suite 1350, the new offices will host all corporate functions of Westmass with capacity to continue regional awareness and growth. The new office location will enable Westmass to continue to brand itself as a regional development company focusing on opportunities in real estate and economic development in Western Mass.

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    16. Amherst chamber, Mill District will host forum on housing and economic development - masslive.com

      Amherst chamber, Mill District will host forum on housing and economic development - masslive.com

      The Amherst Area Chamber of Commerce and the Mill District will host a public forum Monday on housing and economic development that will include remarks by a state official discussing Gov. Charlie Baker’s Housing Choice Initiative.  Chris Kluchman, the Housing Choice program director at the state Department of Housing and Community Development, will discuss the administration’s housing initiative.

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      Mentions: Amherst
    17. Williams Distributing sells Chicopee warehouse and land for $5 million as part of Quality Beverage deal

      Williams Distributing sells Chicopee warehouse and land for $5 million as part of Quality Beverage deal

      Quality Beverage paid $5 million for the Williams Distributing real estate at 880 Burnett Road last month, according to documents on file with the Hampden County Registry of Deeds. In August, officials with both companies announced that Quality Beverage would buy the Chicopee-based beer distributorship — the business and the real estate — for an undisclosed sum.

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      Mentions: Chicopee
    18. Tricia Canavan

      Tricia Canavan

      Tricia Canavan spent much of her early career as an educator. Today, in a much different role, education is never far from her mind. “As I’ve done this job for the last eight years, I’ve learned how education is tied to workforce development and people being successful. It’s not just about being able to write well or have the fundamentals of math — can you support yourself?”

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    19. Proposed Holyoke Mall movie theaters gets needed zone change

      Proposed Holyoke Mall movie theaters gets needed zone change

      The Planning Board and Ordinance Committee on Tuesday held public hearings tied to a height-variance special permit for the Holyoke Mall. Both boards recommended the zone change. The full City Council passed the zone change amendment 13-0. The mall wants to exceed the current height limitations, exceeding the 50-foot roof.

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