Taunton, MA – The Taunton Development/MassDevelopment Corporation (TD/MDC) and Rhino Capital Advisors LLC recently broke ground on a new 180,000sf advanced manufacturing facility located on lot BP2 at the Business Park at Myles Standish in Taunton.
Nearly 75 guests, including state and local officials and representatives from J. Calnan & Associates (JC&A), Randall Paulson Architects, and Colliers gathered to commemorate the start of construction on the facility, located at 55 Dever Dr. in Taunton. The project is being constructed speculatively and aims to offer life science, flex, or manufacturing space to prospective tenants seeking a specialized facility.
The teams from J. Calnan & Associates and Rhino Capital Advisors at the groundbreaking ceremony
In 2022, TD/MDC sold the last two undeveloped, pad-ready lots at the new business park (BP2 (11.25 acres) and BP3 (9.95 acres)) to Rhino Capital for the creation of speculative build-to-lease manufacturing facilities. At the new facility on lot BP2, Rhino Capital aims to attract “tough tech” tenants with building features such as a 32-foot clear height, up to an 8,000-amp power capacity, and five loading docks. Construction on the facility is expected to be completed in spring 2025.
In 2012, MassDevelopment and the Taunton Development Corporation (TDC) partnered to form a nonprofit development corporation to redevelop the 220-acre site of the former Paul A. Dever State School by expanding the Myles Standish Industrial Park and developing a new business park. With the assistance of MassDevelopment and TDC seed funding, state and federal grant funding, and the city’s approval of District Improvement Financing (DIF), the Business Park at Myles Standish was completed in 2022, with all parcels sold. The public-private partnership completed MEPA permitting and traffic mitigation; demolished and remediated more than 1 million sq. ft. of vacant buildings, tunnels, and water towers; and constructed new roads and utilities. Eleven new companies have now invested in the new business park, resulting in more than 1.6 million sq. ft. of new development.
“Over the past 12 years our staff has worked closely with state and local partners and business leaders to transform the dilapidated former Paul A. Dever State School by expanding the Myles Standish Industrial Park and creating a new, first-rate business park that has resulted in $158 million in private investment and 1,400 new jobs,” said acting MassDevelopment president and CEO, Dan O’Connell. “As we wrap up our involvement in this successful project, we are pleased to see Rhino Capital Advisors LLC break ground on the second to last lot within the new business park, bringing online a 180,000sf manufacturing facility and with it more jobs and opportunity for Taunton and the region.”
