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300 Broad Street, Bristol

Project type: Assessment

Activities: The Regional Brownfield Partnership awarded 300 Broad Street Properties LLC. $83,000 in petroleum assessment funds to conduct environmental assessment activities inside the combined 175,000 square-foot facility and surrounding footprint. The site was historically used for a variety of manufacturing and industrial purposes. The century-old manufacturing complex was constructed in 1915 by Wallace Barnes Company and last occupied by Theis Precision Steel until 2019 and acquired by private developers in 2022. A conceptual RAP, supported by Phase II and Phase III reports valued expected remedial costs between $1 million and $3 million. Once complete, the property owners intend to rehabilitate existing interior space to modern manufacturing, and warehouse facilities. Invested funds are expected to leverage several million dollars in private funding and create dozens of full-time, high-paying jobs.  

Project Status: NVCOG has secured an award of $3.7 million from the Department and Economic and Community Development to abate and remediate four existing buildings on the 23-acre site. DECD, NVCOG, and 300 Broad Street Properties LLC. expect to execute an assistance agreement in Spring 2024. Environmental activities, overseen by SLR International, are ongoing.