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September 2016
Great Turnout for Creative Financing Presentation

We were pleased to host a special presentation by M & S Development featuring principals Bob Stevens, P.E., LEED, AP, CNU (Stevens & Associates, PC) and Craig Miskovich, Esq. They shared their insights and led a conversation about "Creative Financing For Projects That Don't Pencil Out."
Attendees included DevelopSpringfield Partners and supporters who had the opportunity to hear about some innovative redevelopment and community revitalization initiatives in the Connecticut River Valley that could be replicated in Springfield. 
Bob and Craig shared their experiences in developing projects that capitalized on a variety of creative funding models including New Markets and Historic Tax Credits, traditional financing, grants, and creative investment opportunities designed to engage the community. In addition, they offered two case studies which featured recent downtown redevelopment initiatives incorporating interesting blends of complimentary mixed uses.
We are grateful to M & S Development for partnering with DevelopSpringfield to bring this valuable conversation to our community.

(L-R) Bob Stevens and Craig Miskovich speak with Roger Roberge, a local developer.

Partnership Investment Program
Join Us!

We have just launched our annual campaign for our Partnership Investment Program for 2016-2017 
and you are invited  to invest in the work of DevelopSpringfield.  By joining us as a Partner, you 
will help to provide a foundation of financial support to strengthen our work while having the opportunity to participate in strategic planning and advisory groups that help shape our direction and focus in areas such as real estate strategy; and urban development and design.

Thanks to the generous annual support of our Partners, DevelopSpringfield continues to strengthen its efforts to stimulate revitalization and economic development in Springfield.
Becoming a Partner is easy!  Join online and learn more about the program benefits--click here for more details.  Or, feel free to call our office at 413-209-8808 to speak with us about your interest.
Community Collaborations Help to Advance Cleanup in Preparation of Redevelopment at 90 Carew Street

DevelopSpringfield acquired a vacant building at the corner of Dwight and Carew Streets together with several adjacent parcels to create a large redevelopment site with the aim of bringing new vitality to this area by redeveloping a critically underutilized and vacant site. The proposed redevelopment concept would rehabilitate the historic Carew Street Baptist Church building's 11,680 square feet in a historically sensitive manner, into modern, energy efficient office space. The surrounding parcels, formerly a brownfields site, would be redeveloped into parking and landscaping. The project represents a $3M+ investment in this section of Springfield's North End.
As a part of this redevelopment initiative, DevelopSpringfield forged innovative partnerships with EcoBuilding Bargains (EBB), Roca, and Habitat for Humanity (HfH) in an effort to reduce "waste" and recycle as much of the reusable interior furnishings and building materials as possible. In addition, the site is now secured with fencing salvaged from another recent DevelopSpringfield project.

We are grateful to the teams at Roca, EcoBuilding Bargains and Habitat for Humanity for their partnership!

Save the Date

We've booked the venue and plans are underway for our 6th Celebrate Springfield Annual Dinner event.  Please "save the date"  of Wednesday, March 15, 2017.  We'll have additional information available in the coming months as plans come together, but we want to be sure you know to mark your calendars now. Last year's dinner was a sell-out and we want to be sure you have plenty of time to plan ahead.

Unique Property Leasing Opportunities Available

DevelopSpringfield has several properties under development that afford the opportunity for potential tenants to participate in space configuration.

Springfield Innovation Center
The Springfield Innovation Center at 270-286 Bridge Street has upper floor office space available providing flexible layout to accommodate smaller professional office users or a larger office requirement. Opportunity to build to tenant specifications. The space benefits from ample natural light, high ceilings, elevator access, and centralized downtown location. The property is located on Bridge Street between Main Street and Dwight Street. This site will be the new headquarters for Valley Venture Mentors and will be bustling with activity and entrepreneurial energy!

83 Maple Street

The Lower Maple Business Park at 69-83 Maple Street. We have completed the rehabilitation of the historic Merrick Phelps House at 83 Maple Street and have made the ground floor of this extraordinary building our new home.  Big Brothers Big Sisters of Hampden County is located in the upper levels. Plans for the business park also include office space in the Carriage House at 69 Maple Street (with large garage under).  And, we will soon begin exterior painting and  interior rehabilitation of 77 Maple Street (the former Female Seminary) next door. The campus includes ample parking for tenants and their visitors.

Click here for additional details on these and other properties available with DevelopSpringfield. To inquire further, please call 413-209-8808 or jminkarah@developspringfield.com

Just a Reminder. . .

We are settling in nicely to our new space at 83 Maple Street. Please be sure to update your mailing information for us.

83 Maple Street, Springfeild MA  01105
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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.