1. Articles in category: Business Development

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    1. Developer preparing to build $15 million Hilton hotel near MGM Springfield casino

      Developer preparing to build $15 million Hilton hotel near MGM Springfield casino

      A Longmeadow developer is preparing to demolish a Park Street building in the downtown-South End area to make way for a $15 million Hilton Hotel franchise, saying it presents a "great opportunity" across from the MGM Springfield resort casino. Louis Masaschi said he is planning a five-story, 100-room hotel at 24 Park St., to be built after a vacant warehouse there is demolished. The demolition is planned in late September or early October, which would be followed by foundation work before the winter, he said.

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      Mentions: Springfield MGM
    2. Way Finders in line for $2M in state money for new Springfield headquarters

      Way Finders in line for $2M in state money for new Springfield headquarters

      Way Finders, the Springfield-based housing agency once known as HAPHousing, expects $2 million in state economic development bond money for its $8 million to $9 million headquarters project. Way Finders bought the former Peter Pan Springfield Bus Terminal at 1776 Main St. back in April for $2.75 million. Way Finders took possession in June, after Peter Pan moved its offices across the street to Union Station. The housing agency quickly set about removing asbestos and other contamination.

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    3. Barry Feingold Named President of Greater Holyoke Chamber of Commerce

      Barry Feingold Named President of Greater Holyoke Chamber of Commerce

      The Greater Holyoke Chamber of Commerce board of directors announced that Barry Feingold has been named chamber president. He will also serve as president of the Greater Holyoke Chamber Centennial Foundation Inc. Feingold is a veteran chamber executive who previously served as the Milford Area Chamber of Commerce’s (MACC) president for 10 years, increasing its membership by 50% and revenue over 35%. Prior to arriving at the MACC, he served the American Chamber of Commerce in Lima, Peru, starting as the administrative and marketing manager and working his way up to executive director. After spending the last four years ...

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    4. MGM Springfield, Head Start unveil $4 million child and family center in South End...

      MGM Springfield, Head Start unveil $4 million child and family center in South End...

      When Susan Gosselin and Janis Santos were teachers for Head Start many years ago, they worked in basements, community rooms in churches or wherever they could find space. They saw one of their dreams come true Tuesday morning during the unveiling of the $4 million MGM Head Start Child and Family Center on Union Street in the city's South End.

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    5. Easthampton's Naresh Patel closes on Whiskerz Pub purchase; 'Eagles Sports Bar' on tap

      Easthampton's Naresh Patel closes on Whiskerz Pub purchase; 'Eagles Sports Bar' on tap

      The Cottage Street bar long known as "Whiskerz Pub" is no more, and its replacement -- "Eagles Sports Bar" -- opened on Tuesday. The bar is apparently named after the Easthampton High School sports teams, which are known as the "Eagles" and deploy maroon-and-white colors, the same as those displayed on the bar sign. Businessman Naresh K. Patel, who owns several Easthampton properties, recently bought the bar, restaurant, building and land at 71-77 Cottage Street from Eugene "Joe" Bernier, who ran Whiskerz Pub for 16 years. The building contains four apartments on the second floor.

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    6. WD Cowls, land trust, state near deal to preserve 2,000 acres in Amherst area

      WD Cowls, land trust, state near deal to preserve 2,000 acres in Amherst area

      After seven years of planning and fundraising, another large tract of Western Massachusetts land owned by W.D. Cowls Inc. is about to be protected from commercial development via permanent conservation restriction. The estimated payment to the company for the restriction would be $3 million. Negotiations are expected to be concluded by January, according to Cowls President Cinda H. Jones. She said in a written statement that the plan involves just over 2,000 acres the company owns in Shutesbury, Leverett and Pelham "in a relatively straight and consistent area between" -- but not including -- the Cushman Village of Amherst and ...

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      Mentions: Amherst
    7. MSBDCN Offers Workshop on Starting a Business

      The Mass. Small Business Development Center Network’s Western regional office will offer a free workshop ‘The Basics of Starting a Business,’ four times this fall, starting on Sept. 17. Presented by Allen Kronick, senior business advisor with the MSBDCN’s Western Mass. office, will focus on business fundamentals, from start-up considerations to business-plan development to funding sources.

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      Mentions: Springfield
    8. IHOP building coming down, KFC to go up on Boston Road in Springfield

      IHOP building coming down, KFC to go up on Boston Road in Springfield

      A property owner is planning to demolish the former International House of Pancakes building on Boston Road and replace it with a new KFC restaurant. The former IHOP at 1324 Boston Road, near Pasco Road, is slated for demolition next week, and the new KFC could be ready to open by Dec. 1, said Frank Colacchio, of Boston Road/Pasco RT20 Retail LLC, the property owner. A 2,382-square-foot building is planned with 42 seats inside and an outside dining area.

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    9. MassMutual removes name from Tower Square in Springfield as new owners reach deal on hotel

      MassMutual removes name from Tower Square in Springfield as new owners reach deal on hotel

      The letters for "MassMutual" are coming down from Tower Square in what was -- given the current state of the sign Wednesday -- an "utual" decision between the insurer and the new owners of the 28-story building. But the recently departed Marriott sign on the complex's hotel is on its way back, according to the new owners, who plan extensive renovations at the hotel. MassMutual is removing its name from the Tower Square office building, four months after selling the downtown Springfield skyscraper to a group of investors for $7 million. The sign was on the north and south sides of ...

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    10. Conceptual designs presented for Westfield urban renewal project

      Conceptual designs presented for Westfield urban renewal project

      The Westfield Redevelopment Authority is considering which conceptual design for the urban renewal project on Elm Street would be the best fit for the city. The WRA hopes the empty lot that spans the block from the Church Street Commons building to the corner of Arnold Street will become a mixed-use space incorporating restaurants, retail and apartments. The location is the site of the former J.J. Newberry's department store and other retail shops and apartments. The store burned down in 1986.

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    11. Wilbraham Strives for a Healthy Balance - BusinessWest

      Wilbraham Strives for a Healthy Balance - BusinessWest

      Being pro-business, Jeff Smith says, doesn’t mean letting just any business set up shop in Wilbraham — but it does mean giving every business a fair shake.  Take, for example, Iron Duke Brewing, which is moving to town after a successful but eventually contentious stay at the Ludlow Mills. Because Wilbraham had no zoning for microbrew and brewpub establishments, the town’s Economic Development Initiative Steering Committee (EDICS) recommended a zoning change that eased the path for not just Iron Duke, but also Catch 22 Brewing, which is setting up shop at the former Dana’s Grillroom on Boston Road.

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    12. Springfield gets 2 proposals for reuse of former Oak Street fire station

      Springfield gets 2 proposals for reuse of former Oak Street fire station

      The city has received two competing proposals for the purchase and redevelopment of the former Oak Street fire station in Indian Orchard -- one bid for a live-in art studio and the other to provide clinical services for opioid addiction. The two proposals were received by Tuesday's deadline, and each included an offer of $100 to buy the long-closed fire station at the intersection of Oak and Berkshire streets. The city had attempted to sell the station on four prior occasions, and this time added a $50,000 incentive that will help with redevelopment costs.

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    13. Ware receives $725K grant for paving, water and sewer project | masslive.com

      Ware receives $725K grant for paving, water and sewer project | masslive.com

      The town on Wednesday confirmed receipt of a $725,000 Community Development Block Grant.  According to Ware Town Manager Stuart Beckley, the bulk of the funds will pay for road work and infrastructure repairs on Spring Street, a 100-yard road located in a section of town the Community Development Authority deemed a 'slum and blight' area.  One reason selectmen were convinced to approve that designation was because it would increase the town's eligibility for government grants.

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    14. MGM Springfield to host year-round entertainment, seasonal events and yoga at casino's outdoor plaza

      MGM Springfield to host year-round entertainment, seasonal events and yoga at casino's outdoor plaza

      MGM Springfield is pledging there will be "something for everyone" at the open-air plaza in the heart of its $960 million resort casino, slated to open on Aug. 24. MGM Springfield officials said Wednesday the offerings at the large outdoor plaza will include activities ranging from concerts to ice skating to pop-up art to outdoor yoga. "The Plaza will be a high-energy gathering place at the heart of the resort, uniting visitors with Springfield locals, businesses and attractions," said Michael Mathis, president of MGM Springfield. "Our goal is to introduce the region to a new standard of entertainment offerings with ...

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    15. West Springfield development office eyes purchase of First Congregational Church

      West Springfield development office eyes purchase of First Congregational Church

      The city's development office is looking to reallocate federal grant funds to purchase First Congregational Church on Lathrop Street. The property is needed to access Coburn Elementary School, where renovations are planned, said Community Development Director Morgan Drewniany. "After the renovation it would be used as a community center," Drewniany said. The church and property are assessed at $650,000, however, a purchase price has not been agreed upon.

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    16. Holyoke, Boston developer continue pursuit of historic tax credits for Farr Alpaca Mill conversion to rental units

      Holyoke, Boston developer continue pursuit of historic tax credits for Farr Alpaca Mill conversion to rental units

      The city and WinnDevelopment continue to pursue historic tax credits and other incentives to convert the former Farr Alpaca Mill at 216 Appleton St., into 100 rental units. Winn and the Holyoke Redevelopment Authority entered into an agreement on the property. The former mill is situated between the Upper Canal and the Holyoke Police Department. WinnDevelopment, of Boston, plans to offer market and income-rate apartments. The company has regularly undertaken similar projects nationwide, including the Ludlow Mills and Residences at Mill 10, a 55-plus community in Ludlow.

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      Mentions: Holyoke
    17. Springfield's Chestnut Towers receives $10.2 million in state funding toward planned renovations

      Springfield's Chestnut Towers receives $10.2 million in state funding toward planned renovations

      Springfield's Chestnut Towers will receive $10.2 million in affordable housing funds for renovations, state Secretary of Housing and Development Jay Ash said Wednesday during a visit to the downtown complex. The new funding will supplement a $45 million investment by the property's management, Related Companies, to renovate and transform the 489-unit apartment complex, said Jeff Brodsky, the company's vice chairman, during a press conference.

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    18. Springfield plans environmental review before seeking buyer to redevelop junkyard lots

      Springfield plans environmental review before seeking buyer to redevelop junkyard lots

      The city is planning to hire a company for an environmental assessment of a 14-acre swath of tax-title properties along Bay and Tapley streets with the hope that it will lead to the sale, cleanup and redevelopment of the site. The city recently received a $99,940 grant from MassDevelopment, the state's economic development finance arm, that will pay for the environmental assessment before the city pursues a new owner to develop the site, city officials said. The site has past industrial uses including storage of automotive parts and metal recyling.

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    19. Greenfield library gets $9.4 million grant for new building

      Greenfield library gets $9.4 million grant for new building

      Plans to build a new library on Main Street got a boost with the announcement of a $9.38 million state grant. Saturday afternoon, project supporters gathered to celebrate the news from the Massachusetts Board of Library Commissioners. The entire project cost is around $20.5 million, so the grant halves the amount that might be paid from municipal funds -- and the Greenfield Public Library Association said it would raise funds to further soften the tax blow.

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      Mentions: Greenfield
    20. Downtown Parking Venture Is Fulfilling Promise

      Downtown Parking Venture Is Fulfilling Promise

      Valet parking isn’t exactly a novel concept; banquet halls, restaurants, and hospitals have been offering that service for years, if not decades. But it is when it comes to downtown Springfield’s office towers. One Financial Plaza recently introduced the concept, and in a few weeks, it is living up the promise first foreseen a decade ago. Evan Plotkin says he first conceived of the idea of instituting valet parking at 1350 Main St. in downtown Springfield — the office tower he co-owns — almost 10 years ago.

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      Mentions: Springfield MGM
    21. Chicopee eyes tax deal to help develop apartments in Cabotville Mill

      Chicopee eyes tax deal to help develop apartments in Cabotville Mill

      Tax break details for the redevelopment of the Cabotville Mill complex still have to be worked out, but city leaders are already looking beyond converting the old factory buildings into housing to the dream of drawing customers to the nearby shops and restaurants. "I think it could revitalize the whole downtown,'' City Councilor James K. Tillotson said. "I think all those businesses are really looking forward to it. We would entice more small restaurants and markets, and some specialty shops,'' Tillotson said.

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    22. Springfield officials celebrate opening of Holiday Inn Express in downtown (photos)

      Springfield officials celebrate opening of Holiday Inn Express in downtown (photos)

      City officials and other well-wishers gathered Wednesday at the new Holiday Inn Express on State Street, celebrating its recent opening which ended years of delays and anticipation. The 98-room hotel opened in April at the former Epiphany Tower, 145 State St., across the street from the MassMutual Center and a short distance from the MGM Springfield casino project.

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    23. Springfield City Council approves tax incentives for Willys-Overland downtown housing...

      Springfield City Council approves tax incentives for Willys-Overland downtown housing...

      The City Council approved tax incentives for the historic Willys-Overland property on Chestnut Street on Monday, providing property tax relief to the new owner to assist plans to convert the site to market-rate housing. The vote was 8-0 to approve the 10-year tax increment exemption agreement with Davenport Companies, under the name Chestnut Acquisitions LLC. Under the agreement, Davenport will have a total tax savings estimated at $310,000 over 10 years, according to the Assessors Department.

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      Mentions: Springfield
    24. Downtown Amherst development proposal includes commercial space, 58 studio apartments

      Downtown Amherst development proposal includes commercial space, 58 studio apartments

      Two meetings are planned next week to review a proposal to construct a four-story building with 1,000 square feet of commercial space and 58 studio apartments on an approximately one-third acre lot at 26 Spring St. downtown. The Amherst Design Review Committee will convene Tuesday at 6 p.m. at Town Hall; the Planning Board is scheduled to meet on Wednesday at 7:20 p.m.

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      Mentions: Amherst
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