Hotel/Spa Conversion Opportunity · MGM Springfield, an $800 million investment, is designed to...
Transcript of Hotel/Spa Conversion Opportunity · MGM Springfield, an $800 million investment, is designed to...
Springfield, CT Area
Hotel/Spa Conversion Opportunity
For more information, please contact:
Damla Yerdelenli
Associate
+1 212 812 5847
Shawn McMahon
Executive Vice President
+1 860 702 2833
Deborah van der Heyden
Managing Director
+1 212 812 5700
1760 Mapleton Avenue
Suffield, Connecticut
Property Details
Located on a pastoral and private 56 acre parcel with additional development potential,
the property’s existing main building features:
• 164 dormitory style residential units
• Meeting rooms
• Auditorium
• Weight room, gym, swimming pool and student lounge
• Former chapel and library have 20’+ ceilings - Convertible to function rooms
• Large kitchen facilities and dining room
• Office space and meeting rooms
A carriage house located on the property can be used as a residence or for other
purposes. There are sports recreation fields on the site and boat access to the
Connecticut River may be created along the property’s 900 feet of direct water frontage.
©2015 Jones Lang LaSalle. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
1760 Mapleton Avenue Suffield, CT
PRICE:
Upon Request
BUILDING SIZE:
131,797 SF
LOT SIZE:
56.10 AC
PROPERTY TYPE:
Special Use
New to Market – Property for Sale
Property Description
The subject property consists of 56.1 acres of land that is located on the easterly side of
Mapleton Avenue (Route 159). The subject property is located approximately .5 miles south of
the Massachusetts/Connecticut state line. The parcel is identified in the Town of Suffield
Assessor's Office on Map 53, as Parcel 3.
The subject property is irregular in shape and has approximately 1,556 linear feet of frontage
on the easterly side of Mapleton Avenue and is bordered at the rear by the Connecticut River
with about 900 feet of water frontage. The parcel has an average depth of approximately 1,900
feet from Route 159 easterly to the Connecticut River.
Location Description
The main building and improvements sit on approximately 12 acres of the 56 acre parcel.
There are two curb cuts on Mapleton Avenue which provide access to the property. Paved
driveways wind through the property. Asphalt paved parking lots illuminated by pole lights
are located in the front and rear of the main building with a total of approximately 325 spaces.
Concrete sidewalks line the front of the building.
The site is attractively landscaped with a rolling lawn in the front of the site, plantings and
flower beds, and large growth trees that provide a natural privacy barrier between Route 159
and the building improvements, which are not visible from the street. At the entrance to the
property, there is a monument sign.
Hotel/Spa Conversion Opportunity
1760 Mapleton Avenue
Suffield, Connecticut
The New MGM
Springfield Casino
Springfield Attractions
Holyoke Mall
Titanic
Museum
Springfield
Museum Complex Armory
Museum
MassMutual
Center
1760 Mapleton
Suffield, CT
City Stage
Symphony
Zoo in
Forest
Park
Cyr Arena
Naismith Memorial
Basketball Museum
City Stage
Symphony
.6.4 miles/12 minutes away
..07 miles/2
minutes away
Springfield Attractions
Quick Statistics
Six Flags New England Annual Visitors (water & theme park) 1.5 million
Population within 50 Mile Radius from Park Location… 3.7 million
Current Lodging Available … Comfort Inn & Suites – West Springfield (75 rooms)
Regency Inn & Suites- West Springfield (48 rooms)
Clarion Hotel- West Springfield (259 rooms)
Springfield Marriott- Springfield (265 rooms)
La Quinta Inn & Suites- Springfield (182 rooms)
Holiday Inn Enfield- Springfield (174 rooms)
Baymont Inn & Suites- East Windsor (116 rooms)
D Hotel & Suites- Holyoke (62 rooms)
Hyatt House- Windsor (132 rooms)
MGM Springfield will create… 3,000 permanent direct jobs &
2,000 construction related jobs
Access to MGM Springfield … Development is designed to give visitors access from
I-91 almost directly into a parking garage some 200
feet from the highway
(3,600 proposed public parking spaces)
Number of hotel rooms proposed… 250 within 25 story building
Number of estimated market-rate apartments to be developed … 54
CityStage Theater Seats…
Symphony Hall Seats…
Combined average performances a year…
479
2,611
250
MassMutual Center- Home of the…
Arena seats and hosts…
Springfield Falcons
8,000 and 100 annual events
Six Flags New England
has 1.5 m visitors per year.
MGM Springfield
proposes 250 hotel
rooms and 3,600
parking spaces.
MassMutal Center
hosts 100 annual
events and seats
8,000!
Key Facts
The New MGM
Springfield Casino
The Project
MGM Springfield, an $800 million investment, is designed to ignite an urban revival.
MGM and its professional partners worked painstakingly to put together a design that
celebrates the history of Springfield while moving the Gateway City into a new era of
commerce and economic opportunity.
The integrated resort casino is designed to enhance the entire urban center of Springfield.
The mixed-use development project calls for a 25 story 250 room hotel with world-class
amenities including a spa, 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.
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 and
has committed to spending approximately $50 million with regional vendors and
suppliers.