Development

As the state’s land bank, MassDevelopment is empowered to acquire, redevelop, and convey surplus or blighted federal and state properties in an effort to maximize job creation, expand the local tax base, and increase the availability of housing in coordination with local economic priorities. 

We have a strong record of catalytic development projects that have converted underutilized buildings and parcels into revitalized downtown commercial and mixed-use buildings, office parks and housing. While our work spans the entire state, we place an emphasis on Massachusetts’ 26 Gateway Cities – former industrial centers that are home to diverse communities, businesses and institutions that anchor regional economies.