Author Archives Trinity Financial

An Old Mill is Now Providing New Homes to the Community of Olneyville

By Dan Drazen

60KingSt_037More than three years after its inception by Trinity, the former Imperial Knife Company building in Olneyville is seeing a new life through the opening of our 60 King project. The redevelopment of 60 King is the second housing project contemplated in the Build Olneyville Plan, a holistic, community-based vision for improving the Olneyville neighborhood and the nearby Manton Heights public housing development.
60 King includes 54 affordable rental units at 30% and 60% of area median income, as well as six market-rate apartments.

On October 30th, a sunny and crisp fall day, we were joined by Governor Raimondo, U.S. Senator Reed, Congressmen Langevin and Cicilline, Mayor Elorza, and our partners at RIHousing, ONE Neighborhood Builders, SWAP, and Citizens Bank to celebrate bringing modern and mixed-income housing to this neighborhood of Providence. The ribbon cutting ceremony was filled with excitement and enthusiasm as this project, which began construction in the spring of 2017, was finally completed. 60 King is Trinity’s first project in Providence.60KingSt_073

The successful opening of this new development was made possible by the partnership and support of government officials and stakeholders from the federal, state, and local levels. As Barbara Fields, executive director of RIHousing said at the groundbreaking, “This is what happens when partners work together to turn the worst corner of the city into a showcase – the results are homes for families, recreational activities and a better quality of life.”

Starting in the 1950s, the 60 King building was home to the Imperial Knife Company, founded by brothers Felix and Michael Mirando, and financially backed and managed by their friend, Domenic Fazzano. One of the country’s largest manufacturers of pocket knives at the time, the Imperial Knife factory provided thousands of jobs in the area for many decades. We were honored to have members of the Fazzano family join us for this celebration. The redevelopment of 60 King is a testament to how repurposing a historic space that once provided jobs can now provide safe and affordable homes to the community.

The large windows and high ceilings in the units provide views to the Woonasquatucket bike path and walking trail adjacent to the building. Open floor plans and amenity spaces, such as the children’s indoor playroom and fitness center, offer opportunities for creating a sense of community. We look forward to seeing the families of 60 King make use of this adaptively reused space and add new vibrancy to this corner of Providence. Check out all that 60 King has to offer its new residents here.

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Dec 18, 2018
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Soundview Landing – A New Beginning for Washington Village

By Eva Erlich, Vice President, and Michael Lozano, Senior Project Manager

1Washington Village is the oldest public housing site in Connecticut and experienced significant damage and flooding during Superstorm Sandy in 2012. Over the past few years, Trinity and the Norwalk Housing Authority have worked with the residents and local and state agencies to develop a plan to replace the housing on site with a design for the new buildings that pairs style with sustainability and flood resiliency. When completed, this revitalization will replace the existing Washington Village with 273 new, safe, modern apartments, including a one-for-one replacement of the 136 public housing units that existed there at the start of construction.

On the afternoon of Wednesday, October 24, we gathered with dozens of our partners, community members and elected officials, including Gov. Dan Malloy, U.S. Representative Jim Himes and Norwalk Mayor Harry Rilling, to celebrate an important milestone in our redevelopment of Norwalk’s Washington Village – the completion of Phase One and the start of Phase Two! Now at the close of Phase One, there are 80 new thoughtfully modern apartment homes at 13 and 20 Day Street.

The revitalization of this community started with the search for a new name. We worked with the NHA and polled the Washington Village residents to select a name, and when the votes were tallied, the winner was clear: Soundview Landing. This name pays homage to the City of Norwalk’s maritime history and the beautiful views of the Long Island Sound.

2At the ribbon cutting, Governor Malloy told the crowd, “Housing is fundamental to who we are and how we raise our children. We need a broader brush of affordable housing through our state.” At Trinity, we could not agree more. We are proud to now be able to share Phase One with the South Norwalk community, and also look forward to the completion of the whole project!
Phase One is now complete and leasing and the entire site will be complete in 2022. Check out the new website to learn more about Soundview Landing!

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Dec 14, 2018
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Marking a Major Milestone at Orient Heights

By Eva Erlich, Vice President

Photo 1At the core of all Trinity projects are the community, its residents, and a belief that having access to high-quality housing results in a stronger urban fabric. To see a clear example of this, one needs to look no further than East Boston’s Overlook Terrace at Orient Heights.

This summer, we marked an exciting milestone at the Orient Heights development. Joined with residents, the Local Tenant Organization and elected officials, we celebrated the completion of the first phase of redevelopment, which brought 120 units of newly constructed, modern, LEED Platinum Certifiable affordable rental housing to the East Boston community.

Photo 2Orient Heights, a public housing development, was originally built in 1951 and has been owned and managed by the Boston Housing Authority. The dated property sorely needed improvements to provide residents with quality housing within a healthier, more vibrant living environment. We were selected, along with the East Boston CDC, to bring this transformation to life. To help determine what this transformation would consist of, we met with the residents and the broader neighborhood to understand the needs and desires of the community.

Photo 3As we cut the ribbon to celebrate the completion of this first phase, MassHousing Executive Director Chrystal Kornegay reminded us all that, “We always remember what we do this for – at the end of the day it’s about the residents and we all know that and keep our eyes on the prize.” This is something we take to heart at Trinity, as we always work to develop communities that enhance the quality of life for residents and the surrounding neighborhood.

Photo 4Like most of our projects, the Overlook Terrace at Orient Heights revitalization is a collaborative effort between both public and private partners, and we were proud to stand alongside many of them at the ribbon cutting. Phase Two of construction is now underway, and will consist of 88 rental units in a combination of townhouse and mid-rise buildings, as well as new and improved open spaces. We’re hoping for a smooth construction phase and are as eager as the residents to fulfill the vision of a renewed community in this Orient Heights neighborhood!

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Dec 11, 2018
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The Evolution of East Boston

By Abby Goldenfarb and Eva Erlich

Few areas in Boston have experienced rapid growth quite the way that East Boston has. In the past few years alone, cranes have sprouted up across the neighborhood, reflecting the demand for housing and development close to downtown Boston and accessibility to Boston public transit. The cranes have been accompanied by a ripple effect of new restaurants, businesses and cultural destinations headed to Eastie, including an announcement from the ICA earlier this spring that they will open a new outpost on the East Boston waterfront. There’s no doubt about it – Eastie is hot! But years before other developers began visiting East Boston in droves, Trinity was already there, committed to creating transformative projects that would play a pivotal role in the evolution of Eastie.

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Trinity Financial’s work in East Boston began over a decade ago with Maverick Landing. In 2001, the Boston Housing Authority was awarded a $35 million HOPE VI award for the complete renovation of Maverick Gardens, a deteriorating public housing complex on the Eastie waterfront. With the partnership of the East Boston Community Development Corporation (EBCDC), we transformed the site, demolishing all 413 units and replacing them with 396 units in newly constructed buildings including 20 townhouses, six six-story mid-rise buildings, and a community center. The final result? A new, mixed-income community called Maverick Landing, designed to provide a new corridor to Boston Harbor and reconnect Maverick to the rest of the East Boston community. Located conveniently near the Maverick MBTA stop, residents also have easy access to downtown Boston and the surrounding areas.

A short distance away from Maverick Landing on the Eastie waterfront sits Boston East, our newest development in the neighborhood. In 2006, Trinity and the EBCDC were designated developer by the City of Boston on this blighted parcel of land on Border Street. After years of working through complicated design challenges, complex waterfront permitting hurdles and the turbulence of the 2008 recession, Trinity was able to begin construction on the project in 2015.

2Located between the Central Square and Maverick MBTA stations, we were able to transform what was once an industrial site into 200 breathtaking rental apartments, including six artist live-work apartments. Residents will be able to benefit from unique amenities like a kayak and paddle board launch; a yard with grills and a fire pit, a dog spa, a Hubway dock and Zipcar spots on-site.

Additionally, there is a dedicated space for artists, an open gallery space celebrating the neighborhood’s arts and culture providing ample opportunities for the community to come together for art exhibitions and community events. Currently leasing, we can’t wait for Boston East to open in early 2018 so the community can experience all that it has to offer.

3Trinity’s presence in East Boston extends beyond the waterfront, too. Just last year we broke ground with the Boston Housing Authority and EBCDC at the Boston Housing Authority’s Orient Heights development, located in the hills of East Boston’s Orient Heights neighborhood. Built in 1951, Orient Heights is a 15-acre site comprised of 331 units of state-funded public housing, a community center and a central boiler plant, all terraced into a steep hillside and in great need of maintenance and modernization. Through multiple phases, this project will redevelop the entire Orient Heights development, yielding 373 units of new, beautiful housing, 331 of which will be replacement units.

At Trinity Financial, we’re proud to have been part of the East Boston landscape for years. While development in Eastie shows no signs of slowing down, we’re committed to continuing to look for sites- as we did in Maverick, Boston East and Orient Heights – where we can introduce transformative development that reflects the wants and needs of the community so that East Boston can thrive.

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Dec 06, 2017
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