JUNE 1, 2021 – ROXBURY, MA – Madison Park Development Corporation & Trinity Financial are proud to announce their proposal for the development of the
Crescent Parcel located at the corner of Tremont Street and Melnea Cass Boulevard, near Ruggles Station.
The planned mixed-income, mixed-use development for this site will bring much-needed affordable housing, cultural vitality, and economic support to Roxbury. This project has many community benefits, including the addition of new, mixed-income rental and for-sale residences, 80% of which will be affordable to households with incomes from 0 to 100% of the AMI. The plan for approximately 12,000+ square feet of commercial space for public community-based organizations, including a new resource center – the Roxbury Real Estate Center – designed and seeded with more than $1M to help residents in the community increase their net worth and build wealth through Home Ownership Assistance, and Small Business Mentoring and Tenacity, a youth-development organization focused on creating equitable access to educational and fitness opportunities in underserved communities. The proposal includes a public realm plan that is organized around a new public park and the preservation and enhancement of Roxbury’s trees.
Lastly, the proposed project, which will create over 900 construction and permanent jobs, will provide environmentally resilient and healthier housing for residents of the project and the community at large. This development team has worked with local stakeholders and listened to their feedback, resulting in a heightened focus on improvements to the project. This is particularly evident regarding parking accommodations, safety, access, retail, and commercial concepts, substantial open space, and tree preservation and enhancement.
“Trinity Financial and Madison Park recognize that many in the community and the City have worked tirelessly over many years to put together a vision for the property’s redevelopment. That vision is one where families of differing incomes live in dignity and quality housing together. It is a vision where opportunities and services are provided to increase the net worth of Roxbury residents and businesses, particularly people of color and women. It is a vision of a public realm that is vibrant, community-oriented, and preserves and enhances Roxbury’s trees. We share that vision and have made it the foundation of our proposal.” says Patrick Lee, Trinity Financial Principal.
MPDC’s CEO Leslie Reid notes, “As MPDC celebrates its 55th Anniversary, it is especially meaningful to have the opportunity to develop the Crescent parcel, consistent with an RFP that has incorporated community feedback. This parcel of land represents one of the final pieces of reconstruction after the long legacy of urban renewal. MPDC is also proud and excited to work with a strong and successful partner in Trinity Financial, building upon our two organizations’ successful work in delivering excellent community development projects at Orchard Gardens and Davenport Commons. We are extraordinarily excited about the future of this important site.”
