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May 2016
  
Groundbreaking Ceremony for 
The Springfield Innovation Center
270-276 Bridge Street

On April 29 we celebrated the official groundbreaking for The Springfield Innovation Center (SIC) slated for completion in the fall of 2016. The project is planned as a dynamic center of innovation and entrepreneurial activity featuring Valley Venture Mentors' exciting new business accelerator program, event space, an innovative ground floor café and commercial office space.  The Center will serve as the cornerstone of downtown Springfield's recently designated Innovation District, which builds on the legacy of the area's 19th century history of industry and innovation, a wealth of architecturally significant historic buildings, proximity to Union Station - currently undergoing an $80 million renovation, and close proximity to the downtown core. 
 
The SIC project scope involves completely rehabilitating approximately 20,000 sq. ft. of space in two adjacent buildings at 270 and 276 Bridge Street (see above), including upgraded electrical, plumbing and mechanical systems and new roofs.  Original windows will be restored and incompatible windows will be replaced with new windows that mirror the originals.  An elevator will be installed that provides access to all floors.  The existing indented street level storefronts will be replaced with new storefronts and the elaborate terracotta façade will be restored.
 
Funding to support the development of this project is being provided by the Commonwealth of Massachusetts through a MassWorks Infrastructure Program grant, MassDevelopment, MassMutual, the Beveridge Family Foundation, the Berkshire Bank Foundation, the Charles E. Hall Foundation (Bank of America, N.A., Trustee) and DevelopSpringfield.  Additional funds are sought to support the continued advancement of the project and appropriate fit-out of the space.

    

Click here for additional information about this project

Click here for a link to The Republican/MassLive video on 4/29/16

Click here for an article in The Republican/MassLive on 4/29/16

Click here for an article in The Reminder on 5/5/16
5th Celebrate Springfield Annual Dinner Event

Our 5th Celebrate Springfield Dinner Event held on March 10 was a huge success with nearly 600 business leaders and members of our community coming together in celebration of our City

Many thanks to the following sponsors for supporting our work.  Platinum Sponsor: MassMutual Financial Group; Gold Sponsors: Liberty Mutual Group and The Republican/El Pueblo Latino; Silver Sponsors: American International College, Bulkley Richardson, BusinessWest, CRRC MA USA Rail Corp., Health New England, MassMutual Center, MGM Springfield, PeoplesBank, Raymond James, Springfield College, TD Bank, Tishman Construction and AECOM Company, and Western New England University; Bronze Sponsors: Bacon Wilson, P.C., Barr & Barr, Berkshire Bank, Columbia Gas of Massachusetts, First Resource Management, Freedom Credit Union, HAPHousing, MassLive, Paragus IT, Springfield Housing Authority, Springfield Technical Community College, Stevens & Associates, P.C., Studio One, United Bank, United Personnel, Westfield Bank, The Whiting-Turner Contracting Company and XFINITY; Community Sponsors: Associated Building Wreckers, Cambridge College, Common Capital, Falvey Linen Supply, Insurance Center of New England, Irene E. & George A. Davis Foundation, Mercy Medical Center, NAI Plotkin, New North Citizens' Council, Noonan Energy, NUVO--a division of Merchants Bank, Pinck & Co., Pride Stores, R.H. White Companies, Inc., The Silverbrick Group, and Smith & Wesson. And, Contributors: 90 Meat Outlet, The Colvest Group, DIF Design, Jennings Real Estate Services, Springfield Business Improvement District/Valet Park of America, and Titan Roofing Company.

We were honored to recognize our "Partners in Progress" Award Recipients this year which included: Brian Connors, Deputy Director of Economic Development for the City of Springfield; Maureen Hayes, President of Hayes Development Services; and Ira Rubenzahl, President of Springfield Technical Community College.

Our 2016 Partners in Progress Honorees

Click here for a link to our photo gallery for the event!
90 Carew Street
90 Carew Street

DevelopSpringfield recently purchased six vacant lots adjacent to the former Carew Street Baptist Church at 90 Carew Street from the City of Springfield. The vacant church building was purchased by DevelopSpringfield in 2015 for rehabilitation, however, the property included no on-site parking. With the acquisition of the lots, DevelopSpringfield is now able to move forward with a plan to redevelop the property into modern, energy efficient office space while restoring the building's exterior and key interior features in a historically sensitive manner. 

Stay tuned for more information soon on this exciting redevelopment project!
 

Maple Street Revitalization

We are currently redeveloping several buildings on Maple Street to be known at the Lower Maple Business Park. We are pleased to be offering for lease, a two-story commercial building with office, storage/workshop space and a two-bay garage in the historic carriage house at 69 Maple Street.

The Carriage House at 69 Maple Street

This recently renovated historic carriage house offers 1,740 square feet of office space on the second level, including a large entry room suitable for reception and/or open office; a small private office, another large office or conference room, a kitchen area and ample storage space.  The kitchen includes a new dishwasher, cabinets, counters, and tile floor. Cathedral ceilings in entry room and larger office.

The first floor features a 667 square foot 2-bay garage with another 904 square feet of flexible storage and/or workshop space with access to water and electricity.

The building is part of a larger office park currently under development that offers ample parking and access to both Union and Maple Streets. It is insulated and has a programmable thermostat, updated boiler (82% efficient) and double paned replacement windows and natural gas heat/hot water.

Maple Street is a major commuter route into downtown. This strategic location will bring you near to Main Street and easily walkable to restaurants, retail establishments and businesses, but with the convenience of a large dedicated parking lot. The building is also located near many professional offices and institutional uses along Maple Street and State Street. Rough floor plans are available.

Rehabilitation of the former Female Seminary at 77 Maple Street is expected to begin later this year. We look forward to welcoming new tenants! If you have plans to relocate and are interested in some really special office space, give us a call!  Currently we have space available at 69 and 77 Maple Street.

Click here for additional details on the project and for leasing information. To inquire further, please call Danielle McKahn at 413-209-8808 or dmckahn@developspringfield.com.

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Our mission is to help create conditions that encourage private development, with a bricks-and-mortar focus and always with an eye toward understanding and meeting Springfield's unique and diverse redevelopment needs.