Developments > Hibernian Hall
Built in 1913 as an Irish social club, Hibernian Hall was boarded up for nearly 20 years and on Boston’s list of most endangered historic buildings. With acquisition financing from MHIC in 2000 the developer, Madison Park Development Corporation, acquired the 4-story Dudley Square building, but was unable to realize plans for redevelopment because of a major gap in financing. With MHIC’s infusion of $6.3 million in New Markets Tax Credit financing, Madison Park was able to move forward with this major historic renovation project. Hibernian Hall was transformed into a stunning performance and cultural center and office/retail complex. It is now the home of Arts, Culture and Trade Roxbury (ACT Roxbury), and it is used for social and cultural events, youth activities and job training. This project has added significantly to the value of other investments and renewal efforts and is an important contributor to the transformation of Dudley Square. The redevelopment of Hibernian Hall as an arts and cultural facility adds significantly to efforts to revitalize an important block in Dudley Square. Newly restored and active storefronts invite members of the community to eat at the restaurant, visit the businesses and offices, attend workshops and events and draw people to the Dudley Square Business District.
Hibernian Hall
Project at a Glance:
Location:
Boston
Development Type:
Commercial
Project Type:
Historic rehabilitation
MHIC Financing:
$600,000 in debt financing, $6,303,208 in NMTC financing
Sponsor:
Madison Park Development Corporation
Date Completed:
12/30/2004
Built in 1913 as an Irish social club, Hibernian Hall was boarded up for nearly 20 years and on Boston’s list of most endangered historic buildings. With acquisition financing from MHIC in 2000 the developer, Madison Park Development Corporation, acquired the 4-story Dudley Square building, but was unable to realize plans for redevelopment because of a major gap in financing. With MHIC’s infusion of $6.3 million in New Markets Tax Credit financing, Madison Park was able to move forward with this major historic renovation project. Hibernian Hall was transformed into a stunning performance and cultural center and office/retail complex. It is now the home of Arts, Culture and Trade Roxbury (ACT Roxbury), and it is used for social and cultural events, youth activities and job training. This project has added significantly to the value of other investments and renewal efforts and is an important contributor to the transformation of Dudley Square. The redevelopment of Hibernian Hall as an arts and cultural facility adds significantly to efforts to revitalize an important block in Dudley Square. Newly restored and active storefronts invite members of the community to eat at the restaurant, visit the businesses and offices, attend workshops and events and draw people to the Dudley Square Business District.