BOSTON, MA - March 3, 2011: The Community Builders, Inc. and Mitchell Properties joined city, state and local officials to celebrate the groundbreaking of the 225 Centre Street project in the Jackson Square community of Boston's Jamaica Plain neighborhood. 225 Centre Street is the first major development to move forward as part of an ambitious 14 building, $250 million redevelopment effort at Jackson Square.
A joint venture between The Community Builders, Inc. and Mitchell Properties, 225 Centre Street has received tremendous support from city, state and local officials and community stakeholders. The project will use $2.3 million in state issued low-income housing tax credits, $2 million in Department of Housing & Community Development (DHCD) program subsidies and another $503,988 in federal low-income housing tax credits.
The new mixed-use/mixed-income building will feature 103 rental units, including 35 affordable units, over 16,000 square feet of commercial/retail space, an underground parking structure and dramatic landscape improvements. Ten of the affordable rental units will be reserved for extremely low-income families. Overall project costs are estimated at $50 million and construction is expected to start in April 2011.
225 Centre Street is a transit-oriented development and located immediately adjacent to the Jackson Square MBTA station. The site is less than 2.5 miles from downtown Boston, ½ mile from Northeastern University and the Longwood medical area. Roxbury Community College is located just two blocks from the site.
"By investing this targeted blend of funds to spur housing development, through this project and others like it, we are actively strengthening Jamaica Plain and other communities across Massachusetts," said Governor Patrick in an announcement. "Creating affordable housing helps to generate jobs, grow local businesses and build a better, stronger Commonwealth."
"Like so many projects, this has been a great public-private effort and city-state effort," said Secretary of Housing and Economic Development Greg Bialecki at the event. "We're not only creating housing opportunities. We're creating great construction jobs, we're helping the revitalization of a community, we're putting jobs and housing right at a great node of public transit. This is truly an extraordinary project and we're pleased to be a part of it."
"We are very proud to be developing 225 Centre at Jackson Square,” said Bart Mitchell, speaking for the 225 Centre development team of The Community Builders and Mitchell Properties. “This is the kind of transit-oriented, mixed-use and mixed-income development that the neighborhoods of Boston have been requesting. Jackson Square was torn apart forty years ago by land takings for an ill-designed highway expansion that was thankfully stopped by citizen action. The new Orange Line subway and wonderful Southwest Corridor park were built instead. We are proud to be working with Jackson Square Partners to re-establish Jackson Square as the vibrant mixed-use neighborhood center it once was and will be again. We are delighted and honored to receive this funding from the Commonwealth.”