MPDC announced that it has closed on construction financing on the $18.5 million renovation of 2101 Washington Street, the former Tropical Foods building in Dudley Square, Roxbury. When completed the building will feature 30 rental apartment homes and ground retail space. The building, which sits prominently on Washington Street opposite the historic Eliot Burying Ground, is a contributing element to the Dudley Station Historic District and will be renovated to National Park Service Secretary of the Interior Standards for History Rehabilitation.
The 2101 Washington Street Project will provide 30 units of high-quality housing with a range of rent levels for households of varying means, as well as 7,500 sf of ground-floor retail. Sixteen of the units will be rented to households earning no more than 60 percent of the area median income, five units at 70 percent AMI, and nice at market rate.
“Affordable housing is vital to overall community success,” said MPDC’s CEO Jeanne Pinado. “We’re proud of 2101 Washington, our first mixed income rental development in Dudley Square that will open summer 2017.”
MPDC has engaged Kaplan Construction as General Contractor. With the project trades 98% bid out, 47% of the subcontracts have been awarded to MBEs and 16% to WBEs. That equates to roughly $4.9 MM in MBE subcontracts and $1.7 MM in WBE contracts.
Learn more about 2101 Washington Street in our official press release.