1. Articles in category: Business Development

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    1. Announcing the Women of Impact for 2018

      Announcing the Women of Impact for 2018

      Leader. Inspiration. Pioneer. Mentor. Innovator.

      You will read those words countless times over the next 8 profiles as BusinessWest introduces its first Women of Impact. In fact, you might read all or most of those words in each of the stories because each member of this inaugural Class of 2018 are, as you’ll see, worthy of those adjectives. These are compelling stories about remarkable women, and as you read them, you’ll quickly understand why BusinessWest added Women of Impact to its growing list of annual recognition programs. In short, these stories need to be told.

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    2. Northern Tree Service proposes waste wood processing plant in Springfield's Bay neighborhood

      Northern Tree Service proposes waste wood processing plant in Springfield's Bay neighborhood

      Northern Tree Service Inc., of Palmer, is proposing to purchase four tax-title junkyard properties along the Bay and Tapley street corridor for $701,700 to convert them into a facility that makes mulch and other products out of clean waste wood. Northern Tree Service submitted the sole bid for the vacant properties by Thursday's deadline. It will be referred for evaluation by a city review committee, said Thomas Mathews, project manager for the city's Office of Planning and Economic Development.

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    3. Easthampton wins $3.5 million MassWorks grant to support One Ferry Street redevelopment

      Easthampton wins $3.5 million MassWorks grant to support One Ferry Street redevelopment

      Plans by developer Michael Michon to transform an old mill complex at One Ferry Street into mixed-use housing and commercial space gained traction Friday with the announcement of a state infrastructure grant. "I've got $3.5 million worth of good news today," Massachusetts Housing and Economic Development Secretary Jay Ash told a roomful of community leaders gathered at Mill 180, a building which Michon previously rehabilitated.

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    4. Lt. Gov. Karyn Polito addresses Holyoke Chamber, touts public-private partnerships

      Lt. Gov. Karyn Polito addresses Holyoke Chamber, touts public-private partnerships

      Lt. Gov. Karyn Polito hailed the public-private partnerships promoted by the Baker administration at the Greater Holyoke Chamber of Commerce's annual Governmental Affairs Luncheon. The Wherehouse? Banquet Hall hosted the chamber's event Thursday. Polito noted the commonwealth's continued collaborations with the business community. She used Holyoke as "Exhibit A" in describing those relations, with the keys being planning, people, places and partnerships. Polito said the state extends grants, low-interest funding and tax credits to businesses that promote expansion, innovation and workforce development.

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    5. Developer plans $43 million mixed-use project at One Ferry Street mill complex in Easthampton

      Developer plans $43 million mixed-use project at One Ferry Street mill complex in Easthampton

      Developer Michael Michon plans an ambitious mixed-use development at One Ferry Street, an abandoned and rambling factory complex built in 1903. The project, which could cost up to $43 million, "includes the demolition, restoration, and construction of select buildings and site improvements to allow for a variety of uses," according to a special permit application submitted to the city on Tuesday.

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    6. What does Sears bankruptcy mean for Springfield's Eastfield Mall?

      What does Sears bankruptcy mean for Springfield's Eastfield Mall?

      The expected bankruptcy of Sears Holdings Corp. may force the ailing retailer to sell its former store in Springfield as part of a nationwide real estate selloff, further clearing the way for redevelopment at the Eastfield Mall. It all depends on what Sears and its lenders want to do, said Chuck Breidenbach, managing director for MDC Retail Properties Group, in an email Wednesday. MDC is a unit of Mountain Development Corp., which owns the rest of the Eastfield Mall property, a total of 68 acres. Breidenbach is the executive in charge of Mountain Development's plans to turn Eastfield Mall ...

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    7. 'We believe it will pay off': Gov. Charlie Baker delivers $2.5 million grant for Paramount Theater-Massasoit Block restoration in Springfield

      'We believe it will pay off': Gov. Charlie Baker delivers $2.5 million grant for Paramount Theater-Massasoit Block restoration in Springfield

      Gov. Charlie Baker announced a $2.5 million state grant on Wednesday toward the planned $41 million restoration of the historic Paramount Theater and Massasoit Building on Main Street, citing the project as a "linchpin" for downtown revitalization. Baker, joined by Jay Ash, the state secretary of Housing and Economic Development, announced the state economic development grant inside the Paramount Theater foyer to the applause of city and state officials and local advocates.

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    8. Berkshire Innovation Center Breaks Ground on Cutting-edge Facility

      Berkshire Innovation Center Breaks Ground on Cutting-edge Facility

      Steven Boyd isn’t just the president and board chairman of the Berkshire Innovation Center; he’s a true believer that the $13.8 million facility will be a game changer for the region’s manufacturing and life-sciences economy. “From a broad perspective, I’d say the center aims to support the legacy manufacturing base that has a long history of innovation here in the Berkshire region,” he told BusinessWest. “We’re an innovation center that is equal parts research and teaching institution and programming for private-sector businesses.”

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    9. 'The Prudential,' Holyoke's tallest office building, sells at foreclosure auction; new owner seeks partners in redevelopment

      'The Prudential,' Holyoke's tallest office building, sells at foreclosure auction; new owner seeks partners in redevelopment

      The New York City man who held the mortgage on 274-276 High St. bought the office building at a foreclosure auction Wednesday for $380,000. The property is known as the Prudential because, at eight stories, it's one of the tallest buildings in Paper City. The sale allows investor Roy L. Felshin a chance at recouping the money he loaned on the building by either redeveloping it himself or selling it through conventional means. Once a foreclosure is in process, the foreclosure auction is the only way to put the property in new hands and with a clear title.

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      Mentions: Holyoke
    10. Owners of iconic Red Lion Inn eyeing Springfield for potential 100-room boutique hotel

      Owners of iconic Red Lion Inn eyeing Springfield for potential 100-room boutique hotel

      The Berkshires-based company behind the Red Lion Inn recently renewed its efforts to build a 100-room "boutique-style" hotel here in Springfield. "Main Street Hospitality is looking carefully to find the right project that would add to the 'New Springfield' landscape and are in discussions with a number of different groups," said Sarah Eustis, CEO of Main Street Hospitality Group in an emailed response to questions. Springfield Chief Development Officer Kevin Kennedy said Main Street Hospitality recently renewed contact with him.

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    11. Amherst Knights of Columbus sell $1.29 million in downtown real estate

      Amherst Knights of Columbus sell $1.29 million in downtown real estate

      Businessman Barry Roberts has purchased the former Knights of Columbus Amherst Council property at 37 North Pleasant St. and 37 Boltwood Walk for $1.29 million. Roberts said the front of the property, the Pleasant Street side, is occupied by McMuphy's Uptown Tavern and the chock-full-of antiques Amherst Typewriter & Computer shop. Upstairs office space on the Pleasant Street side, space once leased to the Boys & Girls Club, is available, Roberts said.

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    12. Old Springfield RMV eyed for retail, restaurant development

      Old Springfield RMV eyed for retail, restaurant development

      Davenport Companies, the new owner of the old Registry of Motor Vehicles offices at 165 Liberty St., is marketing the site for commercial redevelopment, having bought it from the state in June. "We have received a surprising number of offers," said Charles Irving, principal of Boston-based Davenport. "All are retail/restaurant uses. Some want to tear it down. Some want to reuse the existing building. We are looking at it from all angles right now."

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    13. State OKs Westfield tax incentive for Myers Information Systems

      State OKs Westfield tax incentive for Myers Information Systems

      The state has approved the city's decision to grant a six-year, $52,000 tax break to Myers Information Systems, the Northampton software company that plans to relocate to a vacant former bar and restaurant here. Under the agreement, Myers Information Systems will only pay a portion of the taxes on the improvements it makes to 110 Elm St. in Westfield. The percentage it pays goes up every year until hitting 100 percent.

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    14. Holyoke's 'Prudential' building, among tallest in Paper City, up for foreclosure auction

      Holyoke's 'Prudential' building, among tallest in Paper City, up for foreclosure auction

      The Prew Building at 274-276 High St. -- also known as the Prudential because it's one of the tallest buildings in Paper City -- will be sold at auction at 2 p.m. Sept. 26 following foreclosure proceedings. At eight stories, the 29,000-square-foot building isn't the tallest in Holyoke, but it is the tallest in the immediate downtown. Plans prepared in 2014 and posted to he city's Holyoke Redevelopment website pegged the cost of rehabbing the building into mixed-use retail, office and housing space at $5.6 million to $6 million.

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    15. Springfield Central Street project inches ahead with first land-takings

      Springfield Central Street project inches ahead with first land-takings

      A proposal $3 million corridor improvement project along Central Street moved a step closer last week with the City Council voting to approve property takings in that area including a building with automotive businesses. The roadway improvements in the Maple High-Six Corners area, however, remain on hold pending additional property takings needed including a strip of land along Ruth Elizabeth Park. "I'm itching to get it going," Public Works Director Christopher Cignoli said Tuesday.

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    16. Small-business Workshop to Discuss ‘Doing Business with the U.S. Navy and Marine Corps’

      Small-business Workshop to Discuss ‘Doing Business with the U.S. Navy and Marine Corps’

      Event Location:  EDC Conference Room, 1441 Main Street, Springfield, MA 01103.  Advanced registration is required to attend click here to register.

      Emily Harman, director of the Office of Small Business Programs for the Department of the Navy, in partnership with the Economic Development Council of Western Massachusetts Assistance Center, will conduct a small-business workshop titled “Doing Business with the U.S. Navy and Marine Corps” on Thursday, Sept. 20 as part of Springfield Navy Week, Sept. 17-23. In 2017, the Department of the Navy awarded $3.2 billion in contracts to businesses in Massachusetts, with more than $66.8 million ...

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    17. Will it happen? MGM Springfield sees 'light at the end of the tunnel' for Court Square housing project

      Will it happen? MGM Springfield sees 'light at the end of the tunnel' for Court Square housing project

      MGM Springfield officials, meeting with the Massachusetts Gaming Commission this week, raised hope that the long-delayed renovation of a vacant, historic block building at Court Square could become a reality. MGM Springfield has been considering an investment of $11 million toward the redevelopment costs of the building at 13-31 Elm St. as part of its commitment to create at least 54 units of market-rate housing downtown. At a Gaming Commission meeting Sept. 13, MGM Springfield President Michael Mathis said the discussions have a long way to go on the proposed housing redevelopment project, but there is "a little light at ...

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    18. Andy Yee, Peter Picknelly and team behind The Fort in Springfield buy McLadden's Irish pubs in Northampton, Connecticut

      Andy Yee, Peter Picknelly and team behind The Fort in Springfield buy McLadden's Irish pubs in Northampton, Connecticut

      From scorpion bowls to Wiener schnitzel to bangers and mash. Restaurateur Andy Yee and his partners at the Student Prince Cafe and The Fort Dining Room -- Peter Picknelly and father-and-son business consultants Michael K. Vann and Kevin B. Vann -- have purchased the McLadden's Irish Publick House chain and its four locations: Northampton at the site of the old Pleasant Street Theater, in Simsbury, Connecticut, and two in West Hartford, Connecticut. McLadden's describes itself online as a craft beer experience gastropub and whiskey bar.

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    19. Springfield's Eastfield Mall looks to future as an 'internet resistant' community-within-a-community

      Springfield's Eastfield Mall looks to future as an 'internet resistant' community-within-a-community

       Mountain Development Corp., owner of the Eastfield Mall, wants Eastfield Commons, the $200 million, open-air, mixed use development it plans for the site, to be unique, convenient and trendy. But Mountain needs it to be, in the words of Chuck Breidenbach, managing director for MDC Retail Properties Group, "internet resistant." "It's a problem everybody in brick-and-mortar retail is facing," Breidenbach said in a phone interview with The Republican on Tuesday. "We have a vision to make this into a large mixed-use site. We feel it is the best use for the location.

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    20. Holyoke Planning Board votes 4-1 for zone change of former John J. Lynch Middle School

      Holyoke Planning Board votes 4-1 for zone change of former John J. Lynch Middle School

      The Colvest Group, a Springfield developer, proposes a 25,000 square-foot retail space, which drew praise or condemnation from residents during several public hearings, including a brief comment period Tuesday evening. The project must gain special permit and other approvals from the City Council before it can proceed. Planning Board member Mimi Panitch, the dissenting vote Tuesday, called the zoning change decision irresponsible. She said she wanted the board to consider the "highest and best use," and remained troubled by the proposal.

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    21. City working with property owner to bring business to Westfield Shops, continues marketing campaign

      City working with property owner to bring business to Westfield Shops, continues marketing campaign

      Resident Brian Hoose told City Councilors last week that the city needs to "get creative" and attract more visitors to Westfield. City Advancement Officer Joe Mitchell said the GoWestfield marketing campaign, launched at the start of the summer, aims to do just that. "The campaign is geared toward attracting businesses and people to the city," said Mitchell. "It has an 80 percent regional and 20 percent local focus." The campaign includes a website, brochures and more. Mitchell said the team that created and launched the campaign continues to meet and further GoWestfield.

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