Developments > Indigo Block
Dorchester Bay and its partners Boston Capital, Escazu Development, and Newmarket Community Partners were designated as developers by the City of Boston in May 2015 of a 2.75-acre vacant parcel of land abutting the Uphams Corner station platform on the Fairmount / Indigo line. The redevelopment of the site will be split into three projects: a commercial project, a 80-unit residential project and a 9-unit homeownership project. The commercial project includes the construction of 24,329 gross square feet (gsf) of light industrial and office space in a two-story building with a 4,187 gsf Mezzanine level. Anchor tenant East Meets West will occupy 6,000 sf on the first floor and 2,379 sf on the Mezzanine level. Local Initiatives Support Corporation (LISC) will provide $6.5 million in QEI authority. The Northern Trust will be the investor.
Indigo Block
Project at a Glance:
Location:
Boston
Development Type:
Commercial
MHIC Financing:
$4,753,000 in NMTC financing
Sponsor:
Dorchester Bay Economic Development Corporation
Dorchester Bay and its partners Boston Capital, Escazu Development, and Newmarket Community Partners were designated as developers by the City of Boston in May 2015 of a 2.75-acre vacant parcel of land abutting the Uphams Corner station platform on the Fairmount / Indigo line. The redevelopment of the site will be split into three projects: a commercial project, a 80-unit residential project and a 9-unit homeownership project. The commercial project includes the construction of 24,329 gross square feet (gsf) of light industrial and office space in a two-story building with a 4,187 gsf Mezzanine level. Anchor tenant East Meets West will occupy 6,000 sf on the first floor and 2,379 sf on the Mezzanine level. Local Initiatives Support Corporation (LISC) will provide $6.5 million in QEI authority. The Northern Trust will be the investor.