For this former mill town, the deal to secure a large Amazon distribution center means much more than the $3.78 million coming from the land sale and the successful culmination of three years’ worth of negotiations.
“Any time you have a corporate giant making a commitment to a city, that speaks volumes,” said Kenneth Fiola Jr., executive vice president of the Fall River Office of Economic Development, which worked closely with state officials and the broker NAI Hunneman to bring in the online retailer. “It gave us enhanced credibility.”
Dena DiMarzo grew up in East Boston, playing at a big vacant lot just off McClellan Highway, about a mile or so from Logan International Airport.
Where DiMarzo and her neighbors saw a shabby lot that had been empty forever, James J. Karam, founder and president of First Bristol Corp., a real estate development company in Fall River, saw 6.2 acres of opportunity three years ago.
Woburn, Massachusetts-based Tocci Building Companies recently announced the official groundbreaking of the Hilton Homewood Suites Hotel at 1 Washington Square in Worcester, Massachusetts. The project is slated for completion by February 2017.
Developer First Bristol Corporation, who bought the land from the Worcester Redevelopment Authority, chose Tocci as construction management services provider. The $21 million project will also benefit from the collaboration of BMA Designs, Veitas and Veitas Engineers, ZDS Architectural Design Services, and Wozny Barbar & Associates. According to the Telegram and Gazette, the funding for the project has been secured through East Boston Savings Bank.