On January 22 it was announced that The Colvest Group bought and will redevelop a three-acre parcel of land on King Street in Northampton, MA. The space falls under Highway Business District zoning regulations.
The land in question hosts the corroded bones of the Bill Willard Inc. concrete plant which closed in 2016. The Colvest Group’s new purchase adds to its King Street portfolio, where it also owns adjacent land upon which sits a fast food structure (formerly a Papa Gino’s), as well as a nine-acre spread upon which Colvest built Northampton Crossing (née Hill & Dale Mall), home of Baystate Outpatient Center, Greenfield Savings Bank, and Firestone Auto Center.
The property was sold for $2.25 million as per the purchase and sale agreement. According to the Daily Hampshire Gazette, Colvest plans to create office or retail space on the site.
The Gazette also notes that King Street has seen its fair share of redevelopment over the past few years, including “new banks, car dealerships, retails businesses, and office space.”
To me, this signals that King Street is ripe for a more substantial refresh. Colvest has a prime opportunity to build something unique, something that can take advantage of the land’s surrounding amenities for the city’s residents who have an inherent taste for things home grown and craft made. Continue reading