Thursday, December 13, 2012

HBI and Roslindale Main Street Select Development Partner for the Transformation of Historic Roslindale MBTA substation

Photo courtesy of the Boston Globe 

HBI and its partner, Roslindale Village Main Street (RVMS) have secured a purchase and sale agreement for the Higgins Funeral Home and related parcels of land, allowing for a larger mixed-use residential and commercial development project that includes redevelopment of the 1911Roslindale MBTA Substation building.  Working through various development options, our partnership interviewed and selected Rhode Island-based real estate development firm, Peregrine Group LLC, as a partner in the redevelopment of the combined site. 

The development concept will focus on a family oriented farm-to-table restaurant and specialty food market for the soaring two-story interior substation space. The adjacent Higgins property will be developed into market rate apartments. The program represents two years of intensive project planning and analysis by Roslindale Main Street and Historic Boston, but it results in an exciting project that brings new economic activity to Roslindale Village and re-activates a valuable historic resource.   The partnership of HBI and RVMS has been tentatively designated for development of the substation by the Boston Redevelopment Authority, owner of the historic structure.

While planning is in the very early stages, HBI and RVMS plan to update the Roslindale neighborhood at community meetings in January.

Read the Boston Globe article on the substation's redevelopment here.

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