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Posted On: October 23rd 2023, 12:43 pm
Mayor Sarno, CDO Sheehan and SRA Director Pham Announce Purchase of Vibra Hospital and the 17 Acre Campus for $1.00
Mayor Domenic J. Sarno, Chief Development Officer (CDO) Tim Sheehan and Springfield Redevelopment Authority (SRA) Executive Director Amanda Pham announced today that the Authority will purchase of the approximately 17 acre, Vibra Hospital campus on State Street for $1.00 and associated conveyance fees. The site represents one of the city’s largest and significantly underutilized commercial sites and has tremendous accessibility to the regional highway network and is adjacent to MassMutual’s corporate headquarters.
City Council Vice President Melvin Edwards, State Senator Jacob Oliveira, State Representative Bud Williams, SRA Board Member Fiore Grassetti and Chair Armando Feliciano, and Lamari Jackson from State Senator Adam Gomez's office were also in attendance.
The campus includes two land parcels with the addresses of 1400-1414 State Street. Current site conditions include a six floor, 91,272 square foot hospital with 120 beds, out buildings and a 303-space parking lot. The assessed valuation for the two parcels is $6.4 million and the existing zoning is Residence C.
“This is truly a unique opportunity for the City to have direct control over such a large land area for future economic development and for us as a community to be able to guide the type of development that will occur on this campus in a way that truly benefits the City of Springfield and its residents via jobs, economic investment, environmental sustainability and creative land use strategies, while also being conducive with the neighborhood – much like what was done to secure the positive economic development future of the three properties at the corner of State Street and Main Street,” said Mayor Sarno.
Mayor Domenic J. Sarno, Chief Development Officer (CDO) Tim Sheehan and Springfield Redevelopment Authority (SRA) Executive Director Amanda Pham announced today that the Authority will purchase of the approximately 17 acre, Vibra Hospital campus on State Street for $1.00 and associated conveyance fees. The site represents one of the city’s largest and significantly underutilized commercial sites and has tremendous accessibility to the regional highway network and is adjacent to MassMutual’s corporate headquarters.
City Council Vice President Melvin Edwards, State Senator Jacob Oliveira, State Representative Bud Williams, SRA Board Member Fiore Grassetti and Chair Armando Feliciano, and Lamari Jackson from State Senator Adam Gomez's office were also in attendance.
The campus includes two land parcels with the addresses of 1400-1414 State Street. Current site conditions include a six floor, 91,272 square foot hospital with 120 beds, out buildings and a 303-space parking lot. The assessed valuation for the two parcels is $6.4 million and the existing zoning is Residence C.
“This is truly a unique opportunity for the City to have direct control over such a large land area for future economic development and for us as a community to be able to guide the type of development that will occur on this campus in a way that truly benefits the City of Springfield and its residents via jobs, economic investment, environmental sustainability and creative land use strategies, while also being conducive with the neighborhood – much like what was done to secure the positive economic development future of the three properties at the corner of State Street and Main Street,” said Mayor Sarno.
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