A historic building in Springfield’s Court Square will soon undergo a multi-million dollar restoration.
The historic 31 Elm Street block of apartments in Court Square has been abandoned for years. But it’s about to get a $55-million facelift.
Springfield Mayor Sarno said the project will provide more than 50 units of market rate housing. This means there are no restrictions on affordable housing laws.
MGM Springfield is a financial partner on the project. It was part of their host agreement with the city to create this market rate housing.
Mayor Sarno said although this project is still in the process of being finalized, it’s a priority for him. He told 22News, “31 Elm Street is the number one priority. Saving this historic building and bringing it back to grand jour and having people continue to live downtown. The market rate component the retail component and reinvigorating Court Square.“
MGM Springfield’s legal council gave an update to the mass gaming commission about the Elm Street project on Thursday.
They hope to announce a more definitive timeline for the project in the next 30 to 60 days.