MassDevelopment has a successful record in redeveloping Massachusetts’ most challenging commercial and residential sites into revenue-producing resources that provide jobs, housing, and economic growth. We specialize in surplus government property (federal, state, and local), blighted properties and urban brownfields. Our project experience includes properties for sale or lease that lack infrastructure to support development.
8-12 Stearns Square, Springfield
MassDevelopment purchased the former Skyplex building at 8-12 Stearns Square in downtown Springfield in November 2015, making the first TDI Investment through the Transformative Development Initiative (TDI) program. The building sits at the heart of Springfield’s TDI District, an area undergoing significant public and private investment as the City’s dining and innovation district. This revitalization will benefit from the progress of nearby investments including the new Union Station.
1550 Main Street, Springfield
MassDevelopment helped facilitate a national panel of experts from the Urban Land Institute (ULI) in September 2006 to create a strategy for the revitalization of Springfield. The adaptive reuse of the former federal office building at 1550 Main Street was a key recommendation of ULI’s strategy to revitalize the downtown area and “secure its place as a vibrant urban center and cultural hub for the region” that “will, in turn, be a vital support for the livelihood of the city’s neighborhoods.”
Carriage Grove, Belchertown
Following the Belchertown State School closure in 1992, the Belchertown Economic Development and Industrial Corporation purchased the Carriage Grove site from the Commonwealth. The main campus of the property contains almost 400,000 square feet of abandoned buildings and utility tunnels with significant environmental issues that require abatement and demolition. After several years, the BEDIC and the community asked MassDevelopment for assistance moving this development project forward.
Located in Central Massachusetts, Devens is a 4,400 acre mixed-use community and an award winning model for military base reuse. After serving as the U.S. Army’s New England headquarters for 79 years, Fort Devens was closed in 1996. With financial support from the Commonwealth, MassDevelopment purchased the property and is redeveloping Devens into a sustainable and diverse mixed-use community.
Jodrey State Pier, Gloucester
In 1993, the Commonwealth tasked MassDevelopment with revitalizing Jodrey State Pier, a 70-year-old deteriorating eyesore unsuited for modern fishing vessels. Serving as pier manager, MassDevelopment coordinated the reconstruction of the eight-acre complex, and now maintains the seafood processing and fishing boat docking facilities at the fully occupied site.
Myles Standish Industrial Park, Taunton
The former Paul A. Dever State School in Taunton is a 220-acre development that is being redeveloped as an expansion of the existing Myles Standish Industrial Park. The combined efforts of MassDevelopment and the Taunton Development Corporation have resulted in MEPA permitting for the entire site, Chapter 43D Priority Development Site designation, more than $6 million in state and federal infrastructure grants, and designation as a district improvement financing (DIF) project.
Village Hill Northampton
Village Hill Northampton is a 126-acre master-planned community. It combines commercial, R&D/light industrial and residential uses with open space to support regional job creation, housing, business development, and recreation. MassDevelopment is the project’s managing partner overseeing the development effort.