100 acres - images1.loopnet.com · mgm springfield details mgm springfield is being designed to...
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Phone: 212.972.3947Fax: [email protected]
Price: $2,850,000
100 Acres of Lakefront Property
Former sleep away camp with infrastructure in place
Less than 20 miles from new $800 million MGM resort casino in Springfield, MA
Hardwick is approximately 80 miles west of Boston
Great development opportunity
Quabbin Reservoir is just west of the property
Exclusive Offering
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Subject Property
100 Acres
Turkey Street – Hardwick, MA
subject property
INVESTMENT OVERVIEW
Whisper Valley Ranch
Investment Overview
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
100 Acres
Investment Overview
PROPERTY OVERVIEW:EXP Realty Advisors exclusively presents for sale this 100 acre parcel of land located in Hardwick, MA. Theproperty is situated on Hardwick Pond with over 1,000 feet of waterfront land. The property was formerly asleep away cap and has all of the camps amenities in place. In addition, there is an operating Bed & Breakfast onthe grounds.
MGM has begun construction of an $800 million resort casino within 20 miles of the property, located inSpringfield, MA. The casino, which is scheduled to open in 2017, will be owned and operated by MGM Resorts.The resorts construction is estimated to bring 3,000 permanent jobs and 2,000 construction jobs to downtownSpringfield.
Former sleep away camp with infrastructure in place including:• Cabins – 8• Operating rental homes: 2• 10,000 s/f theater building• 10,000 s/f cafeteria• New septic system
LOCATION OVERVIEW:Hardwick is a town in Worcester County, Massachusetts, about 20 miles west of the city of Worcester. Itincludes the villages of Hardwick, Gilbertville, Wheelwright and Old Furnace. Hardwick is approximately halfwaybetween Interstate 90 to the south and Route 2 to the north. Hardwick is also home to Eagle Hill High Schoolwhich is located just north of the property.
Quabbin ReservoirQuabbin Reservoir is one of the largest man-made public water supplies in the United States. Created in the1930s by the construction of two huge earthen dams, the reservoir is fed by the three branches of the SwiftRiver, and seasonally by the Ware River. Quabbin's water covers 39 square miles, is 18 miles long and has 181miles of shoreline. When full, Quabbin holds 412 billion gallons of water.
Whisper Valley Ranch
Property Line Map
100 Acres
Aerial
AERIALThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
100 Acres
Aerial
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
MGM SPRINGFIELD BREAKS GROUND ON COMMONWEALTH'S FIRST DESTINATION CASINO RESORT
Hundreds Attend Construction Kick OffDevelopment Will Change Face Of Downtown Springfield
SPRINGFIELD, Mass., March 24, 2015 /PRNewswire/ -- MGM Resorts International today hosted the groundbreaking of MGM Springfield, an approximately $800 million casino resort slated to open in fall 2017 in Downtown Springfield. The event marked the start of the construction phase of this unique urban mixed-use development, the Commonwealth's first destination casino resort.Hundreds of people were in attendance at the groundbreaking celebration, emceed by Kathy Tobin, former local news anchor and current Director of Program Development at Friends of the Homeless. With the Zanetti School severely damaged by the June 2011 tornado that tore through Springfield's South End as a backdrop, speakers highlighted the history of Springfield, the rebirth of the South End neighborhood, and the energy and optimism that is filling the region.
Jim Murren, MGM Resorts International Chairman and CEO, said, "With every licensing milestone and every campaign victory, we have honored the potential of MGM Springfield. Today is even more special, though, as we put shovels in the ground to officially celebrate what we came here to do, put people back to work and begin a rebirth of the once thriving urban center of Western Massachusetts."The crowd that included many state and local elected and appointed officials gathered to hear from Murren, MGM Springfield President Michael Mathis, Massachusetts Gaming Commission Chairman Steve Crosby, Springfield Mayor Domenic Sarno, and Revitalize CDC Associate Director Ethel Griffin. More than 30 construction workers representing various trades were at the site to honor the moment when thriving development returned to this hard-hit section of Springfield.
Guests were treated to an interactive event as they were asked to participate by writing their wishes for the future of the City of Springfield and Western Massachusetts. Their wishes were then dropped into an MGM Springfield wishing well. MGM will put all of the wishes into a capsule that will be placed in the resort foundation as construction begins. The outdoor event also featured a traditional first shovel of dirt ceremony as well as celebratory confetti blasts.
In keeping with MGM's commitment to engage local businesses, Springfield vendors Langone's, AC Produce and Palazzo provided decor and beverages. Zasco Productions of Chicopee provided the staging, risers, sound and technical equipment. And Taylor Rental of South Hadley provided additional tables and chairs.
The day was about recognizing the rich history of the City of Springfield while moving the Gateway City into a new era of commerce and economic opportunity.
Whisper Valley Ranch
Property Line Map
100 Acres
Aerial
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Mathis said, "The City of Springfield's people welcomed us into their hearts and homes and trusted us with their hopes for the future. This property was designed with the input of residents who wanted more for their families and their community. Today is the day we start to realize that future as we activate the most robust construction site Springfield has ever seen."
MGM Springfield will bring 3,000 permanent jobs and 2,000 construction jobs to Downtown Springfield. MGM has established a hiring goal of 35 percent of the workforce from the City of Springfield and 90 percent from a combination of Springfield and the region. Additionally, MGM Springfield has entered into surrounding community agreements with neighboring communities providing for tens of millions of dollars.Sarno said, "The Springfield Renaissance is underway and MGM Springfield is the catalyst our city needed to jump start our revival. With thousands of jobs and millions of dollars in economic activity; the economic center of Western Massachusetts is on the rise. We look forward to working with our residents, businesses and MGM during the construction process."
Crosby said, "Today is a very exciting day for the Commonwealth and Springfield. The Commission is pleased to participate in this truly historic moment. It's official: today's groundbreaking signifies not only the arrival of a world-class gaming operator, but the catalyst for a new era of job creation and economic opportunity for the residents of Massachusetts."
MGM Springfield Details
MGM Springfield is being designed to ignite a Downtown Springfield revival and enhance the region's urban center. The mixed-used development includes a 25-story, 250-room hotel with a world-class spa, a pool and roof deck; 125,000 square feet of gaming space with 3,000 slot machines, 75 gaming tables, a poker room and high limit VIP gambling area; about 55,000 square feet of retail and restaurant space that will accommodate 15 shops and restaurants; and a multi-level parking garage.Plans also envision a high-energy dining, retail and entertainment district with an eight-screen cinema, bowling alley and an outdoor stage. This will be developed by Davenport Properties of Boston, MA, in partnership with MGM on land now occupied by the tornado-ravaged South End Community Center and the Zanetti School.
Next Steps
Over the next several weeks, site activity will largely consist of necessary abatement work to clear hazardous materials from buildings scheduled for demolition. In parallel, the MGM Springfield team is working on agreements with multiple contractors who can meet the spring and summer construction timelines for several project components, including excavation, waterproofing and utilities. Other team members will continue to work closely with local workforce training partners to develop curricula and job training that will match the needs of an MGM Springfield workforce.Mathis said, "As we celebrate this moment, we know plenty of work lies ahead. I think we have proven that we are not afraid of hard work, and as always we will remain transparent and inclusive as we build a better future for this region."
Whisper Valley Ranch
Property Line Map
100 Acres
Location Map
LOCATION MAPThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA
Whisper Valley Ranch
Property Line Map
100 Acres
Demographic Data
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Contact Us
EXP Realty Advisors118 East 28th Street
Suite #901New York, NY 10016
Phone: (212) 972-3947Fax: (212) 686-0078www.exp1031.com
Our Team
Daniel de Sa‘Director of Sales
E-mail: [email protected]
Robert P. JamesPresident
In association withSummit Realty Partners, Inc.
Lic.#: 5930
Radius 3 Mile 5 Mile 10 Mile
Population:
2020 Projection 3,656 10,899 42,777
2015 Estimate 3,698 10,914 42,966
2010 Census 3,976 11,185 44,980
Growth 2015-2020 -1.14% -0.14% -0.44%
Growth 2010-2015 -6.99% -2.42% -4.48%
2015 Population Hispanic Origin 118 438 1,233
2015 Population by Race:
White 3,566 10,449 41,238
Black 41 132 473
Am. Indian & Alaskan 11 39 124
Asian 14 72 410
Hawaiian & Pacific Island 3 3 19
Other 63 219 700
Households:
2020 Projection 1,424 4,464 16,853
2015 Estimate 1,441 4,467 16,923
2010 Census 1,548 4,567 17,723
Growth 2015 - 2020 -1.18% -0.07% -0.41%
Growth 2010 - 2015 -6.91% -2.19% -4.51%
Owner Occupied 971 2,934 12,620
Renter Occupied 470 1,533 4,303
2015 Avg Household Income $74,626 $67,960 $77,627
2015 Med Household Income $58,647 $53,822 $61,833
2015 Households by Household Inc:
<$25,000 334 1,233 3,515
$25,000 - $50,000 249 837 3,366
$50,000 - $75,000 322 870 2,877
$75,000 - $100,000 155 495 2,376
$100,000 - $125,000 153 497 1,998
$125,000 - $150,000 85 205 1,140
$150,000 - $200,000 96 211 1,044
$200,000+ 47 120 607