PEDA approved a series of agreements on Wednesday, which is hoped to tie up the legal documentation required for the Berkshire Innovation Center.
The Pittsfield Economic Development Authority has long had a ground lease in place for the Berkshire Innovation Center. But, as the project has evolved, the roles of various parties had altered - thus the required paperwork changes were needed to align.
With commitments from the state, city, and the Pittsfield Economic Development Authority, a project $3 million funding gap is reportedly now closed. Officials from all three agencies are now finalizing the legal documents and agreements.
A group of residents has petitioned the City Council to have police officers do regular foot patrols.
Will Singleton presented the petition to the City Council on Tuesday. He believes regular walking patrols will greatly improve officer's relationship with the residents.
PEDA will help close an operating funding gap for the Berkshire Innovation Center.
The Pittsfield Economic Development Agency pledged a grant of up to $300,000, subject to negotiations, to keep the BIC operating in 2018 and in hopes of releasing the state's commitment for construction.
Waterstone fully intends to move forward with a development at the William Stanley Business Park.
The company has spent five years and hundreds of thousands of dollars designing the project, which had been aimed at bringing a Walmart Supercenter to the site 16.5-acre site known as the teens.
Waterstone Retail has filed its request for a special permit to build a 196,000 square-foot Walmart Supercenter at the William Stanley Business Park.
The developers signed a letter of intent to purchase the 16.5-acre parcel known as the "teens" at the intersection of Tyler Street Extension and Woodlawn Avenue.
The city is putting forth $1 million from the G.E. Economic Development Fund to jumpstart the stalled construction of the Berkshire Innovation Center.
The City Council unanimously approved using the money to help cover a $3 million funding gap for a 20,000 square-foot facility at the William Stanley Business Park. The remaining $2 million is expected to come from the state.
PEDA is hoping MassDevelopment will help make it easier to redevelop the parcel knowns as the "40s" through a grant program.
The Pittsfield Economic Development Authority gave Executive Director Corydon Thurston approval to proceed with trying to secure $75,000 through MassDevelopment's Site Readiness Program. The program would bring engineers in to perform a detailed, technical look at the foundation on the parcel along Kellogg Street so any developer has a clear understanding of what it can
PEDA is in a waiting game for the two most highly publicized efforts to redevelop the William Stanley Business Park.
The Pittsfield Economic Development Authority officials say they've done their part in bringing in Waterstone Realty and the Berkshire Innovation Center, but both projects had faced delays. PEDA is now waiting for the state to help fill a funding gap for the innovation center, and Waterstone is still waiting for Walmart corporate to approve the latest redesign of the proposed s
Christopher Kapiloff has some big contracts in the works for Laminated Technologies Inc. and he'll be looking to expand.
He can expand anywhere and down south, where his competitors are based, it is less expensive to do business. But he is a Berkshire guy and grew his business in Pittsfield so he wants to stay. He went to the mayor's office and asked if there was some way the city could help cover the gap to build an expanded facility.
For just the third time since the new charter went into place, a debate was halted on the City Council floor because of the rarely invoked charter objection. The objection halts debate and pushes a vote off until another meeting. It is included in the new charter the city adopted in 2013.
The permitting process is next for Waterstone Retail, which is looking to build a Walmart Supercenter at the William Stanley Business Park.
On Wednesday the Pittsfield Economic Development Authority approved a purchase and sales agreement with the developer for the parcel known as the "teens." The company is looking to build a new 190,000 square-foot retail center at the intersection of Woodlawn Avenue and Tyler Street. The project is estimated to cost some $30 million.
The developers of the proposed Walmart Supercenter at the William Stanley Business Park has put down $20,000 toward the purchase of the land.
The Pittsfield Economic Development Authority extended the letter of intent with Waterstone Retail Development until the end of December, making more time for the two sides to reach a purchase and sales agreement. In good faith, Waterstone has put down a $20,000 non-refundable deposit toward the purchase.
PEDA is looking to recoup some $10,000 in losses from Nuclea Biotechnologies, Inc, which has filed for Chapter bankruptcy.
Nuclea had rented office space the from the Pittsfield Economic Development Authority on Kellogg Street for a number of years. That lease agreement was until the end of October this year.
If Anton Melchionda, principal with Waterstone Retail, had a manufacturer looking to move to the teens complex of the William Stanley Business Park, he'd build the building. But, he challenged anyone and City Councilor Melissa Mazzeo to find it.
"Based on the economics. It goes back to the dollars it needs because of the mess that was left here. You guys were left with a mess, a toxic mess from people that completely disregarded the community, packed up their bags, put a chain link fence, and
These three open houses follow an event in May focused specifically on the Waterstone Development proposal to site a 190,000 Walmart Supercenter on a challenged lot in the small urban business park near Tyler Street. Another public presentation will be held by Waterstone on Monday, Sept. 19, at 6 p.m. at Morningside School.
The developers looking to build a Walmart Supercenter at the William Stanley Business Park will present their plans at a meeting on Monday.
Waterstone Realty is proposing a new 190,000 square-foot super center on a parcel known as "the teens." Walmart would then vacate its currently location at Berkshire Crossing and would have its retail branch find a replacement for that buildings. The project has received a letter of intent from the Pittsfield Economic Development Authority to pursue permi
The Pittsfield Economic Development Authority will host three open house events on Aug. 24, Aug. 31, and Sept. 14 at the William Stanley Business Park to showcase the park's developable building sites. PEDA is encouraging potential developers, builders, existing businesses and community members to attend and learn about current and future plans and view available properties.
The Pittsfield Economic Development Authority extended the timeframe to reach an land lease agreement with Waterstone Realty for the development of a Walmart Supercenter.
On Tuesday, PEDA approved the extension to the letter of intent. Executive Director Corydon Thurston said the original 60-day window was "too aggressive" and hopes to have an agreement before the board by the next meeting.
The City Council wants a chance to ask the proponents of a new Walmart at the William Stanley Business Park some questions.
However, the council needs another organization to host a discussion to avoid legal conflicts. So, the council agreed to ask the Pittsfield Economic Development Authority to host one with the developer Waterstone Realty in the City Council chambers.
Joe Castoldi has run his barber shop for years on Tyler Street, just a block away from where the proposed Walmart Supercenter is eyed to be built.
The supercenters often have a salon inside the building so one would think Castoldi would be worried about competition - especially competition from such a large corporation. But he's not.
For the last 10 years Evan Hickok has formed good relationships with many of his co-workers at General Dynamics.
They are recruited from out of town, come to work as engineers, and the staff at the Pittsfield facility grows a friendship. And then the young professionals leave for what they see are greener pastures. They leave for the city life of Boston or New York envisioning a thriving social scene and nightlife. But more often than not, the workers find themselves taking a job in the subur
The ultimate say over the project may come before the City Council, which will be asked to approve a special permit because of the size of the store. So far, the majority of the City Council says they are keeping an open mind about the project and waiting for additional answers.
Walmart's Director of Public Affairs & State and Local Government Relations Chris Buchanan says, "holding out hope for industrial development of the site does a disservice to the residents of Pittsfield." He said the cost to remediate the land, fix the stormwater runoff, and road work adds up to $12 million, a cost few companies would bear when there are other properties for development at a lower cost.