SPRINGFIELD, Mass. (WWLP) – Springfield Mayor Domenic Sarno and Congressman Richard Neal toured the economic and redevelopment project at 31 Elm Street in Springfield Wednesday afternoon.
The $51.3 million renovation project is expected to be completed in the next two years. On Wednesday, the tour showed us how big this project really is.
30 years worth of debris and water damage has been cleared out of 31 Elm Street, unveiling footprints of large windows, tall ceilings, and marble which will be transformed into retail space and six floors of one and two bedroom apartments. This is a major project that will further revitalize Springfield’s downtown area.
“There’s been a lot of interest in market rate housing in downtown Springfield here. The Wiley Overman building, other projects going on. Governor Baker just announced another major housing initiative, he’s been great to me, the city of Springfield, our partnership, our friendship that’s going to help me do even more,” said Sarno.
The $51.3 million dollar project is being funded by local organizations like MassMutual and MGM Springfield, as well as a number of state and federal agencies and historic tax credits.
“It is encouraging to see such tremendous progress at 31 Elm Street just a few months after the project began in late August,” said Congressman Neal. “The SRA and Winn Development team has done a great job on the building so far and I am excited to continue to see this beautiful building come back to life in the heart of Springfield’s downtown.”
Developers are keeping many of the historic features from the 20th century intact for the next phase. Once completed, the building will have 74 new market rate and workforce housing apartments.
Developers working on the project told 22News that the building will be occupied by September 2022.