Indigo Block (2019), Dorchester, MA

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Financing the light industrial and commercial component of a mixed-use project in Dorchester, one of Boston’s lowest-income neighborhoods. Tenants was vetted based on hiring practices and helped by DBEDC, the project sponsor, to hire locally. The anchor tenant was East Meets West, a division of local catering company Rebecca’s Cafe. 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 was 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 occupies 6,000 sf on the first floor and 2,379 sf on the Mezzanine level. Local Initiatives Support Corporation (LISC) provides $6.5 million in QEI authority. The Northern Trust was the investor.

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