Fontaine Selected to Revitalize 31 Elm St. | Court Square Building
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What a great day in Springfield! We were thrilled to join Mayor Domenic Sarno and U.S. Congressman Richie Neal to celebrate a major step forward for the redevelopment of the historic Court Square Building |13-31 Elm Street in Downtown Springfield. Mayor Sarno announced that Fontaine Bros. has been selected to work with the project’s developer WinnCompanies, of Boston as well as Peter Picknelly’s Opal Real Estate Group on the project. Much was described of the building’s long and storied history in the downtown neighborhood. “There’s no better view, there’s no better location in Springfield than 31 Elm Street.” Picknelly offered. The $51.3 million Court Square renovation project will renovate the building into retail space and six floors of more than 50 market-rate apartments. Mike O’Brien of Winncompanies commented on the addition of Fontaine to the team, “Fontaine Bros. are the real deal. They are hands-on partners and a master builder. We absolutely need them as we move this ball forward.” The Court Square project has been a long time in the making. And that message was clear at today’s press conference. “It’s really the story of commitment, of dedication, and of partnership. Ultimately, there’s been a commitment to get to this point and stick with this project. From state and local sources to all of the government entities, and now our joining Opal and Winn, this is a great team that has been put together.” added David Fontaine Jr. of Fontaine Bros. As part of their host agreement with the City, MGM Springfield is also a financial partner on the project. In recent weeks, the project has been called “the most important in the Commonwealth” by Governor Baker as he sees it as the key to continuing the revitalization of the Downtown area, and he made one of the largest investments of State of MA redevelopment money to date in solidifying the State’s support of it. Work on the project is anticipated to ramp up in the fourth quarter of 2021.