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Developments > Bruce Bolling Municipal Building

Bruce Bolling Municipal Building



Project at a Glance:
Location:
Boston
Development Type:
Commercial
MHIC Financing:
$15,000,000 in NMTC financing
Sponsor:
Ferdinand Building Development Corp.

Dudley Municipal Center (DMC) is considered the City of Boston’s highest redevelopment priority and the “capstone” of Mayor Menino’s “Dudley Square Vision Plan,” a blueprint for the transformation of Dudley Square into a major commercial hub for the predominantly low-income neighborhoods of Roxbury, Dorchester, and Jamaica Plain. The Center will serve as the new administrative headquarters for the Boston Public School Department, bringing over 500 municipal office workers to Dudley Square. The project is a 206,000-square-foot, multi-story municipal office facility with street-level retail and community space. It will incorporate and historically preserve the Ferdinand’s Furniture Building and two other historic structures within the city block, creating an iconic mixed-use building adjacent to the Dudley Square bus station. This new building is expected to encourage a broader cross section of Boston residents to participate in, and benefit from, the City’s educational and community programs that will also be relocated to the DMC. The Center will attract other economic activity to the Square and catalyze private development projects planned in the surrounding highly-distressed Roxbury neighborhood. The project is also expected to create at least 350 construction jobs and 26 new jobs on the ground floor retail space that will draw on local residents. With Bank of America Merrill Lynch as the investor, MHIC provided $15 million in New Markets Tax Credit financing with three other co-CDEs for a total of $42.5 million