For Immediate Release
November 25, 2008
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Transit-Oriented Development Revitalizes Neighborhood
and Creates New Jobs
Mayor Thomas M. Menino, together with Department of Neighborhood Development Director Evelyn Friedman, today celebrated the completion of the Carruth Building -- a Transit-Oriented Development (TOD) adjacent to the MBTA's Ashmont Red Line Station in Dorchester by opening five new businesses in the building: Flat Black Coffee, Wainwright Bank, At Home Real-Estate, Tavolo, and the St. Mark's Area Main Street Office (SMAMS). The Carruth Building is a development that provides approximately 10,000 square feet of neighborhood retail space and 116 units of mixed-income housing developed by Trinity Financial.
|On Saturday, November 22nd, Mayor Menino joined the business owners and Dorchester community at the Grand Opening of the Carruth Building. From left to right are: Representative Dorcena-Forry; Lillian Sanchez, Vice President of Community Relations for Wainwright Bank; Chris Douglass, Owner of Tavolo; Patrick Lee, Vice President of Trinity Financial; Mayor Thomas Menino; Evelyn Friedman, Director of the Department of Neighborhood Development; Bill Richard, President of St. Mark's Area Main Street; and Dan Larner, Executive Director of St. Mark's Area Main Street.|
"This development sets the standard for all transit-oriented development -- new businesses and housing right next to a major T station," said Mayor Menino. "Developments like this help stimulate the economy in these hard economic times."
The Carruth Building is approximately 185,000 square feet. The parcel was previously used for MBTA buses and temporary parking. The development has an 85-year ground lease between Trinity Financial and the MBTA. The building is a six-story structure with one floor of neighborhood retail and five stories of housing. This building also includes one level of below-grade parking with 80 spaces.
The development is located at Peabody Square in the Ashmont neighborhood of Dorchester. The local Main Streets organization, St. Mark's Area Main Street, spearheaded a community planning effort focused around Peabody Square, securing planning funds from the City of Boston for a series of design meetings and community forums. St. Mark's Area Main Street, after eight years in St. Mark's Rectory, is now housed in the Carruth Building.
St. Mark's Area Main Street was also instrumental in bringing Wainwright Bank and Flat Black Coffee together to share an innovative new space in the front of the Carruth Building. Wainwright Bank is a leader in socially responsible banking and has 12 branches in the Boston area. Flat Black Coffee is a socially conscious organic coffee shop with three locations in the City of Boston. At Home Real Estate, an established Dorchester business and the sales agent for the condos in the Carruth Building, also opened a new office in the building. Joining in the celebration and grand opening was Tavolo, a modern but casual Italian neighborhood restaurant owned by Chris Douglass, the owner of the Ashmont Grill and Icarus. Tavolo, open seven days a week, offers a full bar and extensive menu.
Funding for the Carruth building was made possible though a variety of funding sources including $1,750,000 in Department of Neighborhood Development HOME Funds and $750,000 in Neighborhood Housing Trust Money. Additionally, the Office of Business Development's Neighborhood Restaurant Initiative provided Tavolo with $110,000 in CDBG loans. The Office of Business Development developed the Neighborhood Restaurant Initiative as a way to facilitate the development of a number of full service restaurants in the City's neighborhood commercial districts.