MGM takes a step towards market-rate apartment deal

MGM is obligated to create 54 market-rate apartments in Springfield

SPRINGFIELD, Mass. (WWLP) – Affordable housing promised by MGM moved one step closer to coming to downtown Springfield.

The Court Square Hotel on Elm Street has been vacant for years, but MGM Springfield wants to change that.

Opal Real Estate made a presentation to the casino oversight committee Thursday night, hoping to reach a deal with the MGM.

The Court Square Hotel would be converted into apartments, intended to benefit the entire community.

Seth Stratton, VP and General Counsel for MGM Springfield, told 22News, “It has the potential to be transformative. It’s right in the heart of the city. It’s right next to our exciting development, and we think it’s the last piece in an urban development story for Springfield.”

MGM is obligated to create 54 market-rate apartments in Springfield through the city’s host community agreement.

Thirty-five of those apartments will be at the old School Department building on State Street.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s