For Immediate Release
June 04, 2012
For More Information Contact:
Mayor Thomas M. Menino, Historic Boston Incorporated, and members of the Chinatown community today celebrated the start of a $5.8 million renovation of the historic Hayden Building, located on Washington Street in Chinatown. At the celebration Historic Boston also kicked off a campaign aimed at raising over $1 million to complete three important historic preservation projects in Boston — the Hayden Building, the Alvah Kittredge House in Roxbury, and the Vertullo Building in Hyde Park.
“Today we begin the preservation of another historic gem in our city and continue the renaissance of Boston’s Midtown Cultural District,’’ said Mayor Menino. “ I am proud that our investment in the rehabilitation of this once vacant building is an investment in the past – and the future – of our City. I want to thank Historic Boston for their vision and commitment to this important project and many other projects across our City.”
Built in 1875, the historic Hayden Building was designed by the famed architect H.H. Richardson for his father-in-law’s estate and for garment industry uses. The building also played a role in the colorful Combat Zone era as an adult entertainment venue, and recently has been vacant. Historic Boston, Inc. acquired the building in 1993 for $425,000. The roof had been lost to fire, the structure was compromised, and layers of building alterations masked the historic building's underlying beauty. When the project is complete the building five-floor building will have four apartments on the upper floors with retail space on the first floor.
Historic Boston Inc. stabilized the building and restored its Richardsonian features, reactivating the first floor for retail use. The adjacent building was renovated for Boston's first Malaysian restaurant, Penang.
The $5.8 million dollar investment in this building has been made possible in part by Historic Boston’s commitment to this project. Last year, the Penang restaurant building was sold by Historic Boston for $2.9 million, and proceeds from the sale are helping to finish the four upper stories for rental housing. The investment in the Hayden Building will also generate revenue from outside sources that include a $250,000 loan from the City of Boston’s Department of Neighborhood Development to help will support the organization’s preservation work citywide.
ABOUT HISTORIC BOSTON, INC.
Historic Boston Incorporated is a nonprofit preservation and real estate organization that rehabilitates historic and culturally significant properties in Boston’s neighborhoods so they are a useable part of the city’s present and future. HBI works with local partners to identify and invest in historic buildings and cultural resources whose re-use will catalyze neighborhood renewal. HBI acquires and redevelops historic structures and provides technical expertise, planning services and financing for rehabilitation projects. HBI projects demonstrate that preserving historic properties is economically viable and that they can be useable and functioning assets in a community. For more information, please see www.historicboston.org.