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.
As the proposed Walmart Supercenter debate begins to unfold, the developer's claims of increased tax revenue reflects what happened in North Adams.
In 2013, the company closed the store it had been occupying for since 1993 and moved down the road to a former gravel bed. The gravel bed had been assessed at $1,613,800 and the redevelopment upped the value to $10,694,900, according to Ross Vivori, chairman of the North Adams Board of Assessors.
The Woodlawn Avenue Bridge is finally opened after being closed for a decade. City, state and Pittsffield Economic Development Agency officials commemorated the re-opening of the north to south connection between the Morningside Neighborhood and East Street. The bridge used to be own by General Electric and was closed in 2006 and was demolished in 2012.
Part of the selling point for the new Walmart at the William Stanley Business Park is that it will ease an environmental burden on PEDA coming down the road.
Last year, the Environmental Protection Agency issued a new draft permit for the Pittsfield Economic Development Agency's ability to drain stormwater into Silver Lake. That permit called for significantly better water quality than currently being done. PEDA has argued against it, saying it doesn't have the money to make the needed improv
Wal Mart is looking to move to the William Stanley Business Park.
The Pittsfield Economic Development Agency granted Waterstone Retail a letter of intent, giving the company and exclusive right to pursue development of a 16.5 acre parcel known as "the teens," where General Electric buildings once stood.
The plans for the Berkshire Innovation Center have hit a number of financing snags.
On Tuesday, the City Council was informed that the city did not receive a grant from the U.S. Economic Development Agency which was eyed to improve the gateway to the William Stanley Business Park and the Berkshire Innovation Center. The news is on top of a still dormant funding gap for construction, penned at $3 million, which delayed construction.
Mayor Linda Tyer is "confident" the city will win a grant to improve the intersections on each side of Woodlawn Avenue.
The City Council approved an authorization to borrow just over $2 million for to renovate the intersections of Woolawn and East and Woodlawn and Tyler Streets.
Bridge completion, breaking ground on BIC, three current tenant prospects and a new outreach campaign are among the pieces in play for the Pittsfield Economic Development Authority this year as it continues the ongoing slog to build up the William Stanley Business Park.
Identities of the three prospects that have emerged in recent months are being kept private for now, but discussions with them are ongoing, according to PEDA Executive Director Corydon Thurston.
At it's opening meeting of 2016, the Executive Committee of the Pittsfield Economic Development Agency examined new directions, upcoming changes and its overall role going forward in conjunction with start of Pittsfield's first four-year mayoral term under Mayor Linda Tyer.
"The new mayor has an overwhelming desire to see that all our economic development efforts are going in the right direction, and to create a creative, unified effort to that end," said PEDA's sole full-time employee, Execu