1. Articles in category: Business Devlopment

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    1. Springfield City Council aids Paramount Theater-Massasoit Block restoration plans

      Springfield City Council aids Paramount Theater-Massasoit Block restoration plans

      City councilors gave their enthusiastic support this week to plans for the restoration of the Paramount Theater and Massasoit Block, saying the project will bolster ongoing economic development efforts in the downtown. At their meeting Monday, councilors took turns praising representatives of the New England Farm Workers Council who are planning the project on Main Street. A summary lists the cost of the renovations as $32 million, rising to $41 million when including all costs such as developer fees.

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    2. Photos: Plans revealed for $32 million transformation of Springfield's Paramount Theater...

      Photos: Plans revealed for $32 million transformation of Springfield's Paramount Theater...

      The New England Farm Workers Council has unveiled plans for a $32 million redevelopment of the historic Massasoit Block and Paramount Theater on Main Street intended to restore its grandeur as a boutique hotel and performing arts complex. The project financing will include a mix of private and public funds including a $3,650,000 low-interest loan application with the U.S, Department of Housing and Urban Development, for immediate repairs to preserve the building including the roof and facade, said the Farm Workers Council, the property owner.

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    3. Springfield Officials Announce Downtown Streetscape Improvements

      Springfield Officials Announce Downtown Streetscape Improvements

      Springfield Mayor Domenic Sarno, Chief Development Officer Kevin Kennedy, and Public Works Director Christopher Cignoli announced several major streetscape improvements to downtown Springfield in the anticipation of the grand opening of Union Station and MGM Springfield. “I am extremely pleased to be able to announce yet another milestone in the continuing transformation of Springfield’s downtown,” Sarno said. “As we get ready for the grand opening of these two transformative developments, it is important for the city to ensure that we provide the best pedestrian experience for those living, working, and visiting Springfield.” The city’s Main Street Refresh Project ...

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    4. West Springfield seeking project manager to oversee Coburn School project

      West Springfield seeking project manager to oversee Coburn School project

      The Town of West Springfield is seeking the services of a qualified project manager to oversee all facets of the Philip G. Coburn Elementary School reconstruction project. The town is collaborating with the Massachusetts School Building Authority on a feasibility study for possible construction of a new Coburn School at 115 Southworth St. The MSBA is a quasi-independent government authority that funds construction and renovation projects for public schools across the commonwealth.

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    5. Developers hope to raze Amherst Motel, replace it with 131-unit luxury apartment complex

      Developers hope to raze Amherst Motel, replace it with 131-unit luxury apartment complex

      Owners of the Amherst Motel on Route 9 want to raze the building and replace it with a four-story, 131-unit luxury apartment building. The proposal by the Breck Group calls for razing the 23,451-square foot motel, replacing it with a 180,247-square foot apartment building with a footprint of 47,740 square feet. The plan calls for 15 one-bedroom, 23 two-bedroom, 11 three-bedroom and 82 four bedroom apartments. There would be 273 parking spaces. The Breck Group has applied for a modification of a previously granted special permit and an extension of approval for a pre-existing nonconforming apartment use ...

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      Mentions: Amherst
    6. High school student interns in STEM fields offer foundation for economic growth to region...

      High school student interns in STEM fields offer foundation for economic growth to region...

      Despite being a small business, Palmer's Creative Material Technologies is home to a strong high school student internship program. During the past few years, the company has hosted close to a dozen interns that perform high-level work in a variety of science, technology, engineering and math (STEM) areas. High school student interns at Creative Material Technologies solve challenges for clients, such as determining new ways to generate electricity from waste heat. They also support business development by completing market analyses for product launches and providing mathematical modeling for new projects. At the same time, interns bring immeasurable energy, ideas ...

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      Mentions: Palmer Springfield
    7. Chicopee distribution company employing nearly 500 given OK to expand

      Chicopee distribution company employing nearly 500 given OK to expand

      A distribution company which employs nearly 500 people was given approvals to construct a large addition that will contain a new freezer and cooler area. The about $9 million project in Willimansett is expected to add at least 22 jobs to the existing 486-person staff at the company. As part of the plan to add a 37,500 square-foot addition to its main building on 705 Meadow Street, J. Polep owners will also rip up pavement in the front parking lot and plant trees to beautify what is now a huge expanse of asphalt along the road and the building ...

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      Mentions: Chicopee
    8. Ludlow Builds Off Mill Project’s Momentum

      Ludlow Builds Off Mill Project’s Momentum

      When it comes to economic development in Ludlow, the sprawling project known as Ludlow Mills has been the lead story for several years. But it’s far from the only story, Douglas Stefancik said. “We do need economic development, and we take it seriously,” said Ludlow’s town planner. “We look to businesses for tax revenue and jobs. And anytime we can get a new business in town, it enhances the entire area.”

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    9. Projects abound along West Springfield's Riverdale Street corridor, including new Wendy's restaurant | masslive.com

      Projects abound along West Springfield's Riverdale Street corridor, including new Wendy's restaurant | masslive.com

      Things are humming along busy Riverdale Street in West Springfield, where a number of developments are in the works or poised to debut, including a new Wendy's restaurant at 644 Riverdale St. and a major expansion of the Agri-Mark facility across from the Riverdale Shops.  An opening date for the fast-food restaurant has not been announced, but the transformation of the former Arby's site into a drive-thru Wendy's was permitted over a year ago, according to Allyson Manuel, West Side's planning administrator.

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    10. Chicopee receives $600,000 in EPA grants to clean up Uniroyal

      Chicopee receives $600,000 in EPA grants to clean up Uniroyal

      The city will be able to take one more step to clean up the former Uniroyal property after the federal Environmental Protection Agency awarded three new grants that will allow asbestos and other hazardous waste to be removed from buildings. The grants are designed to help communities clean up brownfields, which are former industrial sites often contaminated with hazardous waste, so the property can be redeveloped.

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      Mentions: Chicopee
    11. Groundbreaking set for assisted living facility at former Belchertown State School | masslive.com

      Groundbreaking set for assisted living facility at former Belchertown State School | masslive.com

      A groundbreaking ceremony on Friday will mark the start of construction of an 83-unit, $15.9 million assisted living facility at the former Belchertown State School. The event starts at 10 a.m. and will take place at 99 Front St. The construction site is at the intersection of Front Street and Berkshire Avenue in Belchertown, off of Route 202.  Belchertown Economic Development Industrial Corporation, a selectmen-appointed committee in charge of the land, owns the property. The BEDIC contracted with MassDevelopment as their agent to prepare the land for reuse. The organizations are responsible for developing the property.

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      Mentions: MassDevelopment
    12. Eversource Welcomes Michael Vedovelli

      Eversource Welcomes Michael Vedovelli

      With more than 19 years of community and economic-development experience in Western Mass., Mike Vedovelli joined Eversource as its newest community relations specialist. Vedovelli will serve as the company’s liaison for communities in Hampden and Hampshire counties. His focus is supporting Eversource’s electric service business. He is a past board member of DevelopSpringfield and the Chicopee Chamber of Commerce, and a graduate of St. Anselm College.

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    13. Easthampton Media to build new TV station and 'cultural media center' at Eastworks building

      Easthampton Media to build new TV station and 'cultural media center' at Eastworks building

      The city's public access television station, now housed at White Brook Middle School, plans to move into a new, state-of-the-art production studio by September. Easthampton Media recently won a $172,000 state grant to help build a "cultural media center" on the first floor of the Eastworks building at 116 Pleasant St. The new space will focus on digital story telling, performance, arts events, and engagement with the public, said executive direct Kathy Lynch. At its core will be modern television studio with 45 seats that can also double as a black-box theater.

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    14. At Union Station, Springfield business leader says 'give me a train, give me a bus' and partnerships with Boston possible

      At Union Station, Springfield business leader says 'give me a train, give me a bus' and partnerships with Boston possible

      Transit, either on a bus or a train, is an economic development issue for Christian Lagier, managing director of TechSpring, Baystate Health's technology innovation center in downtown Springfield. "If you want me to work with people in Boston and build partnerships there, you have to give me a train. You have to give me a bus," Lagier said during a tour of Springfield Union Station hosted Thursday by U.S. Rep. Richard Neal, D-Springfield, and the Springfield Regional Chamber of Commerce. "I waste four hours driving. I need my laptop. On a bus or a train, I can get ...

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    15. MGM Springfield's housing development at historic Court Square building may include 'affordable housing' component

      MGM Springfield's housing development at historic Court Square building may include 'affordable housing' component

      An MGM Springfield official told the Massachusetts Gaming Commission on Thursday that it has delayed a market rate housing project due to a new location under consideration at Court Square that may include affordable housing units. Seth Stratton, vice-president and general counsel for MGM Springfield, said the site under consideration, a long-vacant block at 31 Elm St., is being discussed by city officials, Peter Picknelly's OPAL Real Estate Group and MGM. City officials and MGM have agreed that restoring that vacant block could be "transformative" event for that area, but those negotiations have delayed development of the housing component ...

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    16. West Springfield gives tax break to Agri-Mark, agricultural cooperative planning multimillion-dollar expansion

      West Springfield gives tax break to Agri-Mark, agricultural cooperative planning multimillion-dollar expansion

      Agri-Mark, a farmer-owned cooperative best known for its Cabot and McCadam brands of cheese and butter, is planning a multimillion-dollar expansion at its West Springfield facility, according to Mayor William C. Reichelt, whose administration sweetened the deal by offering tax breaks to the co-op. Reichelt said Agri-Mark, which has facilities in upstate New York and across New England, is planning a project in the neighborhood of $12 million at its plant at the corner of Riverdale Street and Morgan Road. The expansion will create 12 new jobs, according to the mayor, with first dibs given to qualified West Side residents ...

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    17. Chicopee company plans $9 million expansion, city officials approve tax agreement

      Chicopee company plans $9 million expansion, city officials approve tax agreement

      A local distribution company plans to build an about $9 million addition onto its existing building in Willimansett and will add 22 new jobs in the process. J. Polep Distribution Services, located on 705 Meadow St., is planning a 32,000 square foot expansion to create a new cold dock and freezer and cooler area to its current building, City Council members said. The City Council recently approved a tax agreement that will give the company a five-year break on real estate taxes as an incentive for the company, which currently employs 486 full-time people, to remain in the current ...

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    18. Easthampton's Five Star Building Corp. expands into Boston area | masslive.com

      Easthampton's Five Star Building Corp. expands into Boston area | masslive.com

      Kevin Perrier, CEO and President of Five Star Building Corp., has opened a new corporate office at the Charlestown Navy Yard in Boston.  While known in Easthampton for his restoration of smaller historic commercial properties -- including the Button Building and former Parsons Street School -- Perrier's contracting and construction management firm has grown to serve clients across Massachusetts, and projects $70 million in sales for 2017.

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      Mentions: Easthampton
    19. Tru by Hilton Breaks Ground on Chicopee Hotel

      Hilton recently broke ground on a new Tru by Hilton property located in Chicopee. The celebration marked the first groundbreaking of the company’s Tru by Hilton in Massachusetts. Attendees, numbering about 150, included a roster of dignitaries and executives who were instrumental in pushing the project forward, including state Sen. James Welch; state Reps. Michael Finn, Joseph Wagner, and Angelo Puppolo; and Chicopee Mayor Richard Kos. The 108-room, four-story hotel is located at 440 Memorial Dr. and is owned by BK Investments. It is expected to be completed in May 2018.

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    20. House Speaker DeLeo: 'Why don't you look at Springfield?'

      House Speaker DeLeo: 'Why don't you look at Springfield?'

      DeLeo, D-Winthrop, described the conversation Thursday in a speech to the Economic Development Council of Western Massachusetts. He said he asked about all the GE subsidiaries that might follow the home office to Massachusetts. Yes, he was told, various GE businesses might follow. "Why don't you look out west?" DeLeo told the executive. "Why don't you look in Springfield? That's where the real estate is going to sell for much less than what you are paying in the Seaport district." The EDC is a regional economic development organization that works to bring businesses to the region, helps ...

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    21. $36.3 million onset of Lyman Terrace renovation marked by ceremony in Holyoke

      $36.3 million onset of Lyman Terrace renovation marked by ceremony in Holyoke

      A ceremony marked the beginning of the first phase of construction of the $36.3 million renovation of the Lyman Terrace public housing complex on Monday with U.S. Rep. Richard E. Neal, D-Springfield, praising the city's commitment. "It's a very complicated project, and I think that there are few things in urban life that are more challenging than housing. It's like a big game of musical chairs and you hope when it's done that everybody gets a chair," Neal said after the ceremony. The ceremony was for onset of the combination of demolition, construction and ...

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    22. MGM Springfield, city nearing end of negotiations to bring new residential units to city

      MGM Springfield, city nearing end of negotiations to bring new residential units to city

      MGM Springfield could soon announce changes to its plan to bring 54 market-rate residential units to the city's downtown, according to city and casino officials. Kevin Kennedy, Springfield's chief development officer, said the city is currently in the later stages of negotiating with MGM Springfield over redeveloping a long-vacant building located near the casino site at 31 Elm St.  "We are negotiating and I have said publicly that we are negotiating to incorporate that commitment into redevelopment of 31 Elm St," he said in an interview. "Currently, we're in the latter stages of that discussion and lawyers ...

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    23. A state grant is funding a new pedestrian plaza in downtown Greenfield

      A state grant is funding a new pedestrian plaza in downtown Greenfield

      A pedestrian plaza is coming to downtown Greenfield. It will start on Court Square, in front of Greenfield Town Hall and extend to Bank Row. The Massachusetts Department of Housing and Community Development is providing $15,000 to fund the plaza design. “We are trying to make downtowns more pedestrian-friendly and helping to connect them with stores popping up downtown, and make things more walk-able, and ultimately more healthy,” said Jay Ashe, Secretary for the Massachusetts Department of Housing and Community Development.

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      Mentions: Palmer Greenfield
    24. Springfield again seeks developer for long-vacant downtown building near Union Station

      Springfield again seeks developer for long-vacant downtown building near Union Station

      The city is once again seeking a developer for a long-vacant, six-story building on Lyman Street in the downtown, believing the chances for success are enhanced by the redevelopment of nearby Union Station set to open in June. Proposals for the purchase and redevelopment of the vacant building at 135-155 Lyman St. are due by May 23, by 2 p.m., at the Office of Procurement at City Hall. Reuse of the building is preferred but the city will consider options including projects involving demolition, officials said.

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    25-48 of 69 « 1 2 3 »
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