The Holyoke Economic Development and Industrial Corporation (HEDIC) issued a Request for Proposals (RFP) for the 1.1 acre lot at the corner of Hampden and Pleasant Streets.
On September 18, 2014 HEDIC agreed to sell the property to Quabbin ACM, LLC for $225,000. The company plans to build a gas station convenience store, pending a zone change request to the City Council. A Purchase and Sale agreement between HEDIC and Quabbin ACM was signed on September 25.
US Tsubaki has operated at 821 Main Street since opening its doors in 1988. Since then, UST has maintained itself as one of Holyoke’s largest employers and remains an active member of the community. UST produces a wide variety of roller chains for diverse industries including heavy machinery, oilfield mining, food packaging and much more.
In 2012, the company began work to expand its 209,000 sq. ft facility. The expansion was a nearly $7 million investment, and involved an approximate 20,000 sq. ft addition in order to meet a forecasted increase in demand, ultimately providing the company with flexible global manufacturing capabilities.
Visit their website here: http://www.ustsubaki.com/
Founded in 1960, Sealed Air is a global leader in food safety and security, facility hygiene, product protection and is most commonly known for its invention of Bubble Wrap cushioning material.
Holyoke is home to one of three Sealed Air facilities located in Massachusetts. In February 2012 Sealed Air announced a consolidation project that would add an additional production line to their Holyoke facility on Homestead Avenue, with a capital investment of $443,000 for building modifications and equipment.
The addition of the production line created 12 full-time jobs and retained 63 jobs in Holyoke. Through its Tax Increment Finance program, the City of Holyoke provided Sealed Air with a five-year award of $19,564. The Economic Assistance Coordinating Council approved $177,264 in EDIP Investment Tax Credits.
Visit their website here.
An RFP was issued for this property during the winter of 2015, with the winning bid going to Easthampton Savings Bank (ESB) to build a new branch, their first in the City of Holyoke.
ESB plans to invest approximately $1 million for construction of the branch which, according to the company’s proposal submitted to the City, includes a 2,400 sq. ft. building with 3 teller stations, a drive-up teller, 2 offices and a 24 hour drive-up ATM/night drop.
Chestnut Park Apts.
After several years of non use, the former Holyoke Catholic High School and Whiting Elementary School properties have been redeveloped into the site of over 50 units of workforce housing in the heart of Center City. Located just beside the newly renovated Veteran’s Park and other area amenities such as the Holyoke Transportation Center, this development will add pedestrian traffic and vitality to a critical area of the City’s Transit Oriented Development Corridor. The site was purchased in 2004 by E. Denis Walsh of Weld Management, and has been supported with over $3.5 million in affordable housing resources from the Patrick Administration.
The project broke ground in August of 2014 and is a ribbon cutting opening ceremony was held in October of 2015.
Featured photo credit: S Pierce Photography.
For more information and/or applications please visit: http://chestnutparkholyoke.com/