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Pepperell Place Redevelopment Grows

Pepperell Place Redevelopment Grows

| October 28, 2018

MassDevelopment Adds $1.35 Million Pepperell, MA – MassDevelopment has supplemented its original loan to Lexvest Chapel, LLC to provide $1.45 million in additional funding for the continued redevelopment of Pepperell Place, a 190,000sf formerly vacant industrial building in Pepperell that has been converted into a business center. Lexvest Chapel, LLC is an affiliate of The […]

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Site Readiness Program Opens

Site Readiness Program Opens

| October 19, 2018

Boston – The Baker-Polito Administration announced the opening of a $2.5 million funding round for the Site Readiness Program, that provides grants to municipalities and other entities for purposes including strategic land acquisition, feasibility studies, master planning, environmental permitting and site improvements. Through its first two rounds of grants, the Site Readiness Program has awarded $3.4 million […]

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Abbott Awarded AIF Designation

Abbott Awarded AIF Designation

| July 25, 2018

Jim Abbott, Vice President and Financial Advisor, was awarded the Accredited Investment Fiduciary® (AIF®) designation from the Center for Fiduciary Studies®, the standards-setting body for Fi360 on July 13th, 2018. “I’m especially proud of our team’s growth over the past 9 months, with Jim earning this designation, the move to our new office on Dartmouth […]

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MassDev Bond Supports Mission Hill Restoration

MassDev Bond Supports Mission Hill Restoration

| February 16, 2016

Boston – MassDevelopment has issued a $16.8 million tax-exempt bond on behalf of RTH Restoration Housing Limited Partnership, which is using bond proceeds to help and renovate RTH Restoration Housing, a 100 percent affordable multi-family housing facility in Boston’s Mission Hill neighborhood.  Roxbury Tenants of Harvard Association (RTH), the project sponsor, will renovate 81 units […]

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MassDev Issues $10M Bond for University Station

| January 13, 2016

Westwood, MA – Through the Commonwealth’s innovative Infrastructure Investment Incentive Program (I-Cubed), MassDevelopment has issued a $10 million tax-exempt special obligation bond on behalf of University Station in Westwood, Massachusetts, which is transforming an industrial park into a vibrant mixed-use neighborhood. New England Development, the project’s developer, is using bond proceeds to help build infrastructure, such […]

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YMCA Receives MassDev Bond

YMCA Receives MassDev Bond

| July 23, 2015 |

Boston – MassDevelopment has issued a $22.7 million tax-exempt bond on behalf of the YMCA of Central Massachusetts, to expand and upgrade its five branch locations: Boroughs Family Branch,Westborough; Camp Lowe, Lancaster; Central Community branch, Worcester; Greendale Family branch, North Worcester; and  Montachusett Community branch, Fitchburg. Also, a $10 million tax-exempt bond had been issued […]

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MassDev Issues Bond to Winchester Soccer Club

MassDev Issues Bond to Winchester Soccer Club

| July 6, 2015 |

Boston – MassDevelopment recently issued a $7 million tax-exempt bond on behalf of the Winchester Soccer Club, Inc., which will use the proceeds to acquire land and build two multi-sport synthetic turf playing fields, a smaller natural grass outdoor field, and a 70,000-square-foot field house. The organization will also use bond proceeds to furnish and equip […]

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Beacon Architectural & JK Scanlan Team Up for Historic Renovation in Nantucket

| June 22, 2015 |

Nantucket, MA – THe 22 Federal Street project, located in the historic downtown district of Nantucket on the corner of Broad and Federal Streets, is currently under way. Designed by Beacon Architectural Associate, this 5,700sf project is a gut renovation of the original, historic structure with new additions on the west and south of the […]

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Local Developer to Transform Leominster Mill with $5M MassDev Loan

| May 14, 2015 |

Leominster, MA – MassDevelopment has provided a $5 million loan to The Lofts at City Place LLC, which will use the proceeds to rehabilitate an abandoned mill building in downtown Leominster. Local developer Jim Whitney will convert the 88,000sft, two-story building at 108 Adams Street into 51 units of market-rate housing. The building’s first floor will […]

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Martignetti to Build Regional HQ

Martignetti to Build Regional HQ

| April 24, 2015 |

Taunton, MA -The Taunton Development/Mass Development Corporation has sold 115 acres in the expanded Myles Standish Industrial Park to Martignetti Companies, New England’s leading distributor of wines and spirits. The company plans to invest more than $100 million to build its 680,000sf regional headquarters on this parcel, which represents more than half of the Taunton […]

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