Hot Property: Mission on Summer

Developers received $3.1 million in financing from MassDevelopment and Bay State Savings Bank for the conversion of a vacant downtown Worcester chapel into affordable housing. 

MassDevelopment Banks on Gateway Cities

As MassDevelopment looks to more aggressively embrace and utilize our land banking authority across Massachusetts for the benefit of residents and businesses, recent projects in Gateway Cities demonstrate our ability to reposition challenging properties.

Hot Property: 1550 Main St.

A pair of developers acquired a former federal courthouse-turned-office building in downtown Springfield from MassDevelopment for $6 million.

The Alchemy of Gateway City Development

Can a state agency serve as a true partner and a local catalyst for golden opportunities in the commonwealth’s underperforming urban neighborhoods? MassDevelopment’s transformative experiences with Gateway Cities tells us that we can.