Author Archives Trinity Financial

Reaching New Heights: A Groundbreaking in East Boston

By Eva Erlich – VP, Development 

On a rainy and overcast December morning, community members, local and state officials alike gathered together on the side of a hill in East Boston. Through the clear-roofed tent you could fully take in your surroundings: the weathered brick buildings of the Orient Heights community, 331 units of state-funded public housing in dire need of maintenance and modernization terraced into the hillside. Looking around, it was clear that there was work to do, but warming up in that tent was a community ready to reshape their home on the hill with the groundbreaking of Orient Heights.

Phase One of the Orient Heights redevelopment will result in the demolition of four existing buildings containing 90 dwelling units and the central boiler plant, and the new construction of 120 affordable housing units in a series of clustered townhouses and a mid rise building along Waldemar Avenue. The reconstruction of these units will serve as a way to bring safe, improved housing to the current residents of Orient Heights.

In the photo from left to right: Eva Erlich (Trinity Financial), Senator Joseph Boncore, Al Caldarelli (East Boston Community Development Corporation), Chrystal Kornegay (Department of Housing and Community Development), Carol Johnson (Orient Heights Local Tenant Organization), Mayor Martin J. Walsh, William McGonagle (Boston Housing Authority), Boston City Councilor Sal LaMattina, State Representative Adrian Madaro, Noel Henderson-James (Raymond James Tax Credit Funds, Inc.), Karen Kelleher (MassHousing), and Michael Koessel (Citi).

 

 

Among the groundbreaking attendees were residents of the existing development and surrounding neighborhood, construction workers, elected officials and financing partners, joined together to celebrate the groundbreaking of Phase One of the redevelopment of Orient Heights, which for many symbolized the renewal of a great East Boston neighborhood. The event included a series of speakers, including remarks from Boston Mayor Marty Walsh on the importance of developing affordable units and revitalizing units for families who have lived there for decades. Carol Johnson, President of the Orient Heights Local Tenant Organization, spoke of the importance of the development, and explained just how much the project means for the community at large. Other speakers included Al Caldarelli of the East Boston Community Development Corporation, Chrystal Kornegay from the Department of Housing and Community Development, William McGonagle from the Boston Housing Authority, Noel Henderson-James from Raymond James Tax Credit Funds, Inc., Karen Kelleher from MassHousing, and Michael Koessel from Citi.

Orient Heights is currently under construction and Phase One is expected to be completed in 2018. For more information, visit www.TrinityFinancial.com. For more updates from Trinity Financial, contact us via Twitter and LinkedIn.

 

 

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Jan 15, 2017
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Not Just a Groundbreaking – How Treadmark is Helping to Revitalize Ashmont

Chris Stanley, Assistant Vice President – Design & Construction

 “Dorchester is the place to be,” said Mayor Martin J. Walsh as he stood in front of the crowd gathered in July across the street from a bustling construction site. Having lived in the Ashmont neighborhood of Dorchester for almost 15 years, I can assure you that wasn’t always the sentiment some residents and government officials felt about our area of the city. But lately, things are improving and changing, rapidly, in this Boston neighborhood. On July 11, Trinity Financial brought together government officials, community groups, and our neighbors to break ground, open the sales center, and unveil the name of our new building, Treadmark. The newest mixed-income, mixed-use, and transit-oriented development in Dorchester’s Ashmont neighborhood, Treadmark is the second of Trinity’s transit-oriented development projects in the neighborhood following The Carruth, also located on Dorchester Avenue.

Aptly named with a nod to the site’s former use as the home of the Ashmont Tire company, Treadmark will comprise 51 affordable rental units and 32 ownership units. New Treadmark residents won’t be the only ones benefitting from the construction; Ashmont neighbors have some great food to look forward to, too!  In addition to the new residential units, Treadmark will also include 5,000 square feet of ground-floor retail space, anchored by specialty food retailer, American Provisions.

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The groundbreaking, emceed by our Senior Project Manager Matt Zahler, included a number of notable speakers, Massachusetts Governor Charlie Baker, Boston Mayor Marty Walsh, Senator Linda Dorcena Forry, Managing Director of RBC Craig Wagner, President and CEO of Massachusetts Housing Investment Corporation Joe Flatley, Senior Vice President of Boston Private Peter Hollands, and Board President of Greater Ashmont Main Street Phillipe Saad. As many of the speakers noted, the project showcases the transformative results that come from a strong public-private partnership and tireless neighborhood support. Treadmark represents the great work that can be done through collaboration by leveraging significant investments from both the city and state to create new housing and business opportunities

And in an effort to not only make housing affordable, but to also make it cool, all 83 units of Treadmark were beautifully designed by HGTV star and Boston-based interior designer Taniya Nayak of Taniya Nayak Design. Taniya herself offered tours of the model-unit which has been installed at the sales center across the street in the Carruth building. Taniya showed off the interior design, including the condo units’ customizable wallpaper and sliding barn doors.

 

treadmark-event-7-11-16As Boston develops beyond its traditional urban center, revitalizing the heart and soul of Boston- its neighborhoods – is imperative. The ongoing revitalization effort of Ashmont and Peabody Square has been in the works since the late 1990’s, when Trinity, elected officials and neighbors envisioned and collaborated on what we wanted the neighborhood to look like. We imagined these types of restaurants and retailers would build the sense of community participation that led business and new residents to come here.  Just ten years ago, Ashmont and Peabody Square were simply a sketchy and trash strewn pass-through to catch the T, and the vibrant diversity of the neighborhood, just beyond the T station, was often overlooked. From a development perspective, we have always sought to maintain that diversity in the square while also bringing in new opportunities for housing and retail tenants. By the time it is completed, Treadmark and its’ sister property, The Carruth, will have added 199 units of housing to the square. As a resident of Dorchester who is proud to raise my three children here, I am thrilled to have seen firsthand the transformation of this thriving community. Of late, I’ve enjoyed the knowing looks among my neighbors when social media announces their discovery of Dorchester.  There are always more people and places to discover here.

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With Treadmark’s cool interior design, unprecedented number of new, affordable units in this neighborhood, and access to local shops, restaurants and the MBTA, it’s clear that Mayor Walsh got it right- Dorchester is definitely “the place to be.”

Treadmark is currently under construction and expected to open in Fall of 2017. For more information, visit www.livetreadmark.com . For more updates from Trinity Financial, contact us via Twitter and LinkedIn.

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Dec 12, 2016
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Banker & Tradesman Coverage: Dorchester Tire Shop Gives Way To Designer Apartments

We were thrilled to be included in Banker & Tradesman’s coverage of the recent groundbreaking and sales center opening of Treadmark, our newest mixed-income residential complex in Dorchester’s Ashmont neighborhood. Treadmark is comprised of 83 units designed by Boston-based interior designer and HGTV star Taniya Nayak, including 51 affordable rental units. Marking the next step in revitalizing the Ashmont neighborhood, Steve Adams reports, Treadmark is an example of how private developers can use state and local subsidies to accomplish great work.

For the full story, please see Banker & Tradesman.

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Oct 19, 2016
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Banker & Tradesman Coverage: Why Boston Needs Workforce Housing

Banker & Tradesman Coverage: Why Boston Needs Workforce Housing

As Boston’s economy and population have grown, so has the rate of construction and development. So what’s the issue? Trinity Financial’s managing director Kenan Bigby shares his thoughts concerning the lack of workforce housing for Boston’s middle class and why it’s so crucial that the city create more to sustain economic growth.

To read the full story, please see Banker & Tradesman.

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Oct 19, 2016
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