DevelopSpringfield has completed the acquisition of two properties included in a group of historic buildings located at the gateway to Springfield's Innovation District. The buildings will be rehabilitated for use as a business accelerator based on the MassChallenge model that will be operated by Valley Venture Mentors (VVM) along with a ground floor restaurant/cafe and complimentary commercial office space designed to support new business start-ups and help foster a culture of entrepreneurship within the City. The two buildings, 270 Bridge Street and 276 Bridge Street, are ideally located in Springfield's Innovation District.
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Future Home of the
Springfield Innovation Center
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Planning and design is in process with architectural services provided by Studio One, Inc. Rehabilitation of the historic windows is underway with work being done by a team at Old Window Workshop in Springfield.
The project is an exciting collaboration between DevelopSpringfield, the Commonwealth of Massachusetts' Executive Office of Housing and Economic Development, MassDevelopment, the City of Springfield, Valley Venture Mentors, the Innovation Hub, and Massachusetts Mutual Life Insurance Company (MassMutual).
Funding to support the development of this project, including property acquisition and rehabilitation of the two buildings is being provided by the Commonwealth through a MassWorks Infrastructure Program grant to MassDevelopment, by MassMutual, and other sources.