The Charles River Speedway Rehab

Brighton,
MA
(2019)

The Charles River Speedway Rehab

Mixed-use, Retail

The redevelopment of the old racetrack at Western Avenue and Soldiers Field Road.

Investment

NMTC Amount: $7,350,000
Total Project Cost: $13,370,000

IMPACT

35 FTE jobs
67 construction jobs
25,000 sq. ft. of real estate

CDEs

Consortium America

Investor

Chase

Project Description

The redevelopment of the old racetrack at Western Avenue and Soldiers Field Road will include a Notch Brewery outpost. The most prominent feature of the multifaceted project—dubbed the Speedway—will be an outpost of the Salem-based Notch Brewery, including a taproom. Altogether, the Speedway is expected to have 17,000 sq. ft. for smaller retailers, artisans, food vendors, and one full-service restaurant.

The sq. ft. is also expected to host event and community space. All of this is due to center around an 8,000 sq. ft. courtyard with seating

MAP

Address: 525 Western Avenue, Brighton, MA 2135

Census Tract: 25025000100

Other Massachusetts Projects

Bartlett Place Building B

Roxbury,
MA
(2017)

Affordable Housing, Grocery and Fresh Food, Historic Rehabilitation, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Bank of America, Local Initiatives Support Corporation

New construction of a mixed-use building in the Roxbury neighborhood, which houses a fresh foods retailer and 32 apartments.

Lowell House, Inc.

Lowell,
MA
(2019)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): MHIC

NMTC financing totaling $2,000,000 to finance the acquisition of an existing sublease and build out of space for Lowell House Inc.

Community Action, Inc.

Haverhill,
MA
(2007)

Healthcare, Shelters and Community Food

CDE(s): MassDevelopment

NMTC financing for Community Action, Inc, a nonprofit that provides resources and opportunities for individuals, families and communities to overcome poverty.

High Point Treatment Center

Middleborough,
MA
(2014)

Addiction Treatment, Behavioral Health, Community, Healthcare

CDE(s): Chase, MassDevelopment

High Point, the largest provider of addiction and mental health treatment in Massachusetts, received NMTC financing to acquire and renovate a 60,000-square-foot facility on a Middleborough site that had been