The Springfield Redevelopment Authority is a corporate and political body established by the City of Springfield on June 24, 1960. Over the past fifty years, the Springfield Redevelopment Authority has been a key component in keeping the City of Springfield a vital place. Through broad development powers afforded by Section 46 of Chapter 121B, the Springfield Redevelopment Authority buys and sells property, acquires property through eminent domain, and constructs, finances and maintains properties throughout the City. The five member board is comprised of four Mayoral appointments plus the director of the Massachusetts Department of Housing and Community Development. Since its creation 50 years ago, the Springfield Redevelopment Authority has been involved in more than 35 Urban Renewal Plans throughout the City.
Click on the above image to view maps of the current active Urban Renewal Areas in the City of Springfield.
The Springfield Redevelopment Authority (SRA) serves the City of Springfield, using its resources to aid Economic Development for its residents:
The Authority has adopted a resolution to promote job creation for Springfield residents, in the area of construction, as well as permanent business employment at all of the parcels disposed for development by the Authority.
Adopted May 3, 2016
Union Station celebrates its 2nd anniversary as Springfield's transportation center. Check out the Springfield Union Station web site. Also see the Union Station Project Page for a historical perspective on its redevelopment.
Space is currently available for lease to Office and Retail Tenants. Download Leasing Brochure
Opal-Winn, preferred developers for the Court Square Project, inch closer to commencing rehabilitation of this historic property.
SPRINGFIELD - A development group proposing a $55 million renovation of the long-vacant historic Elm Street block at Court Square told city councilors on Monday they are on the brink of securing full financing for the project.
Michael V. O’Brien, executive vice president of WinnCompanies of Boston, said his company and co-developer Opal Real Estate, of Springfield, are working to secure the final 10 percent of financing, about $5 million, to move forward with the renovation-historic restoration project at 13-31 Elm St.
WinnCompanies and Opal are proposing primarily market-rate housing for the six-story building, along with commercial tenants on the first floor. Local businessman Peter A. Picknelly is part of the development team.
An offer of $11 million from MGM Springfield, as part of its commitment to bring market rate-rate housing to the downtown area, is a critical source of funds, officials said.
Councilors hailed the news that the project could begin by the end of 2019 if the financing gap is closed. Read More
See more photos of Court Square
Project Location: York Street & West Columbus Avenue
Property Owners: Springfield Redevelopment Authority
Parcel Size: 2.5 acres
Zoning: West Columbus Avenue Urban Renewal District
Located on the corner of Dwight St and Harrison Avenue, "Parcel 3" is presently a 244-space parking lot serving TD Bank, and leased to New Marlboro Corporation. Future development will support further downtown expanision.
Fully occupied park containing Eversource Solar Farm and Wellspring Harvest Hydroponic Farming center.
The Smith & Wesson Industrial Park is fully occupied.