Neal Shalom, a principal with Waterstone Retail Development, said he could not reveal who the anchor would be until permitting has been completed.
PITTSFIELD, Mass. — A "national" retail chain is expected to call the William Stanley Business Park home and bring 150 jobs to the city.
The Pittsfield Economic Development Authority announced on Wednesday that the group is negotiating with Needham-based Waterstone Retail Development to construct a 170,000 square-foot complex for the national store. Officials from Waterstone said they can not reveal who will be the anchor of the 16-acre development yet but that it will be the primary business with one or two smaller buildings on the Tyler Street Extension property — known as the "Teens Complex."
"We all envisioned this park as manufacturing but we all know things have changed," PEDA Chairman Gary Grunin said. "We feel this new project will tie in with what the businesses are doing in Morningside."
According to Neal Shalom, a principal with Waterstone Retail, permitting is expected to be completed in 2012 and construction will begin in 2013.
For the remaining parcels, Shalom said the group will work with the PEDA board to help future development and added that the company, which also builds office and industrial sites, could be interested in another development there.
Waterstone is the latest tenant of the former General Electric property. PEDA has negotiated leases with Action Ambulance and MountainOne Financial Partners to construct new headquarters, and also hosts one of the largest solar arrays in New England. While redevelopment of the site was first envisioned for manufacturing, with one parcel still be eyed for that, Grunin said the market dictated the move to retail.
Shalom said this project was made possible because PEDA was willing to work with the developers and the retail will fit in with the future developments on the rehabilitated land.
"There are a lot of towns that have rundown and underused downtowns but there aren't a lot of cities like Pittsfield that have a board like the PEDA group that are willing to listen to things that could work rather than just listening to the things they want. We worked together over a long period of time to come up with a plan," Shalom said. "I think it will be good for everyone."
Retiring Mayor James Ruberto heralded the announcement as an early Christmas present for the city and even wore a tie featuring Santa Claus to show the spirit. The move will help revitalize the whole city, he said.
"Not only will it create for us a legitimate tax base here on this property but what it will do is that it will be the spark plug to revitalize the Morningside neighborhood," Ruberto said. "We couldn't be more proud to have Waterstone join us. That is the theme. This city is now attractive to developers like Waterstone where eight years we felt like the Maytag repair man, no one would answer our telephone calls."
Waterstone has had supermarkets anchor many of its developments but has also worked with national companies such as Home Depot, Target and PetSmart. This will be the company's first development in the Berkshires but Waterstone completed two projects in Westfield recently.
PEDA does not yet but control of the 16-acre site from General Electric but PEDA Executive Director Corydon Thurston said that transfer will happen soon.
iBerkshires.com welcomes critical, respectful dialogue. Name-calling, personal attacks, libel, slander or foul language is not allowed. All comments are reviewed before posting and will be deleted or edited as necessary.
Comments are closed for this article. If you would like to contribute information on this article, e-mail us at info@iBerkshires.com
The store coming to Pittsfield is Lowes. North Adams can have their Super Wal Mart and we will have a nice new Lowes! North Adams had the deal locked up and had signed on the dotted line until the planning commission and State stuck their noses into the project.
Editor: Possible, but seems unlikely. The size isn't right and they concentrate on groceries and specialty chains. Lowe's closed 20 stores in October but they're still talking about opening 25 as planned for last year.
It wouldn't be a grocery store. The Consent Decree and DEDA the City signed with GE does not allow for any food service operation to be built on the property. No grocery store, no food packaging, no fast food restaurants.
Actually in the DEDA and Consent decree there are several types of businesses that are not allowed to be built on the property which may be one of the many reasons it�s taken so long to find any viable tenets.
I can't picture Hannaford coming into Pittsfield with all of the other competition - there just isn't a market for it. It would have to be an existing store. Price Chopper is out, they just opened their new store in town not long ago. Stop & Shop's Merrill Road store could potentially be closed and they could reopen a newer store. Or... Big Y in downtown could close up and they could open a newer and larger store.
A perfect fit for North Berkshire would be for Price Chopper to open a brand spanking new super store at the Lowe's site, to compete directly with Super Walmart. They did that in Saratoga, built a PC super store right across the street.
The Curran Highway Price Chopper closed because Golub didn't own the land, and they did own the property (and still do) on State Road, and they saw that only one store would survive. And while the Curran store looked "new," the building it was in, as we saw in the years after, was in pretty sorry shape. With the new dynamic of a Super Walmart coming in on Curran Highway, I think the Golubs would be smart to take it head on. The State Road store is doing well (a relative works there) but I'm not sure how any of the markets will do against Walmart unless they really compete.
The Editorial comments, are, well, asinine at best. Editors should be informed and well versed in their commentary. If the comments are worthless, then moderate them! Know the Consent Decree, know what it covers. Editorial commentary should offer a perspective that the reader might miss. The current pattern of editorial commentary could be bested by a 5th grader who has done his or her homework. It's almost as bad as the Transcript. It's embarrassing at best, thought- less at worst. You must do better if you wish to perform as a journalist.
Wayne, really?!? Seriously? And you are not kidding?!
1) Per square foot, even with North Adams' super high commercial tax rate, the property owner will pay more in actual dollars per square foot to Pittsfield because of North Adams' extremely low property values.
2) If North Adams lowers its commercial rate, it will have to raise the residential rate (or we could just get rid of the fire department or police) and we know how much you would love that.
3) Pittsfield has three times the number of residents, a higher average income, and better traffic volume than North Adams. Of course major retailers will look there first.
4) Are you really that clueless about why stores don't come to North Adams very often? Even the low tax dollars and cheap property values cannot make up for the fact that per capita we have EXTREMELY LOW disposable income. Aside from grocery, drug, liquor and convenience stores, 50%+ of our population does not shop.
I told you this when you were wondering why Bennington does better - Look in the mirror and all around you. The problem is us, not the mayor.
Really folks, the answer to who is moving in is quite simple. The store moving in is going to be a Costco's. Where there is a BJ's there is a costco's close by and when the walmart leaves its current location in North Adams for their bigger store that one will become a Sam's Club. These stores move in packs.
I vote for Whole Foods! A nice place for prepared meals and foods! I will make the trip and gladly spend my money in Pittsfield! Our cities and towns in Berkshire County are too small to support many of these stores on there own. If we want these stores to come and give us choices we need to be willing to travel and support them.