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November 2016
More Progress On Maple Street

We are thrilled to be working with a team from Roca of Springfield. They are painting the exterior of the former Female Seminary at 77 Maple Street, a building slated for redevelopment as a part of the Lower Maple Business Park.
Roca is a Massachusetts based organization dedicated to supporting high risk young men from the community by providing them with mentoring and transitional employment training assistance. Working with their site supervisors, these young people have spent several weeks prepping the exterior, priming and painting based on a historically appropriate color scheme.
In the months ahead we'll be planning for the interior rehabilitation. This space is available for lease to one or more tenants. Interested parties should contact DevelopSpringfield's President and CEO, Jay Minkarah by email at jminkarah@developspringfield.com for further information.
It's the perfect time to reach out so that space could be designed to suit your specific needs.

Energy Efficient Lighting Installation

With the assistance of Advanced Energy Group, DevelopSpringfield recently contracted with Eversource to significantly improve lighting efficiency at the STCC parking lot at 470 Union Street. The project consisted of replacing older HID Metal Halide bulbs with high performance LED bulbs through the Eversource Direct Install program.
Through the Conservation Fund Incentive program (part of Mass Save), Eversource contributed over half of the cost of the project and allowed DevelopSpringfield to finance its portion of the cost at zero interest over two years. The financed portion is paid through regular electricity bills and is completely offset by the electricity savings from the retrofit, which are projected to be nearly $800 per year.
By replacing older equipment with newer, more energy efficient equipment, this project saves money and more importantly, helps the environment by reducing the usage of electricity. Long term plans for the lot are focused on development of a full-line grocery store to serve the community.
DevelopSpringfield Partners with Roca and EcoBuilding Bargains on Cleanup of Bridge Street Property

As work progresses at the Springfield Innovation Center, we enlisted the support of Roca and EcoBuilding Bargains to help clear out some of the vacant spaces in 284-286 Bridge Street in preparation for rehabilitation of this recently acquired building in the Trinity Block.
These partnerships allow us to reduce "waste" and recycle as much of the reusable interior furnishings and building materials as possible while providing on the job training opportunities for Roca youth.
We are grateful to the teams from Roca and EcoBuilding Bargains!

Partnership Investment Program
Join Us!

Our annual campaign for our  Partnership Investment Program  for 2016-2017 is underway  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.

Thank you for the generous support of the following, who have already committed to their Partnership with DevelopSpringfield: 122 Chestnut, LLC; Associated Building Wreckers; Big Y Supermarkets, Inc.; Columbia Gas of Massachusetts; Credere Associates, LLC; The Paul Doherty Family; Dietz & Company Architects, Inc.; Freedom Credit Union; GZA-Springfield; HAPHousing;
M & S Development; MGM Springfield;  NUVO, a division of Merchants Bank; PeoplesBank; Pride Markets; Raymond James; Revitalize CDC; Springfield College; Springfield Technical Community College; Studio One, Inc.; Sumner and Toner Insurance Agency, Inc.; TD Bank; and Titan Roofing, Inc.
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.

Many thanks to the MassMutual Foundation for their extraordinary support as a Leadership Partner.

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 will be reaching out with sponsorship information soon!  Last year's dinner was a sell-out and we want to be sure you have plenty of time to plan ahead.  Please visit our website for additional details on sponsorship opportunities.

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 u ppe r 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 th e 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

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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.