SPRINGFIELD, Mass. (WWLP) – More than 300 apartments at Baystate Place on Chestnut Street in Springfield will be renovated.

MassDevelopment has issued a $37,890,326 tax-exempt bond and a $988,891 taxable bond on behalf of BC Baystate Place LLC to buy, renovate, and equip the Baystate Place apartment complex located at 414 Chestnut St. in Springfield`s Memorial Square neighborhood.