DevelopSpringfield Sells 700 State St. to Pride for Redevelopment
SPRINGFIELD — DevelopSpringfield announced the sale of property at the corner of Thompson and State streets to Pride Stores for redevelopment. The site had been identified as a priority for redevelopment in the State Street Corridor Redevelopment Program, a plan focused on the economic revitalization of State Street and adjacent neighborhoods.
DevelopSpringfield acquired the former River Inn at 700 State St. in 2013 with adjacent lots on Thompson Street to remove a blight on the neighborhood, promote revitalization, and prepare the site for appropriate commercial redevelopment. The organization performed extensive asbestos remediation, demolished the building, and prepared the site for redevelopment.
“We listened closely to the interests of community members, including the Springfield Food Policy Council and the McKnight Neighborhood Council, to identify a developer whose project would meet community needs and be a good neighbor to the many residents near the site,” said Nicholas Fyntrilakis, DevelopSpringfield’s chairman. “Pride’s new store will offer fresh food and produce and address the community’s interests for healthier food options.”
Added Springfield Mayor Domenic Sarno, “this is exactly why my administration created this public/private partnership of DevelopSpringfield. This in-question property had been a troublesome area for the neighborhood for many years. I look forward to the redevelopment of this site with a project that will bring jobs, tax revenue, and a quality retail operator who cares about our community.”
The sale of the property was complete on Dec. 15. Construction is targeted to begin in the spring. The new store will include a Pride gas station and convenience store and will feature a variety of convenient food items, Pride Café Bakery, local produce, and fresh healthy food offerings. In addition, incubator space will be provided to a local food entrepreneur.
“We are excited to bring Pride Markets to this important area of the State Street corridor,” said Bob Bolduc, owner of Pride Stores. “Not only will the store have the amenities our customers traditionally expect, but it will also have fresh local produce available through an innovative collaboration led by local food advocate Liz O’Gilvie, who will coordinate a farmer’s market on the site.”