Monday, March 31, 2014

Success! HBI Reaches $1 Million Capital Campaign Goal


HBI surpassed its $1 million campaign goal and completed the Trilogy Fund for Historic Boston, the organization’s first capital campaign for the rehabilitation of three historic buildings in three Boston neighborhoods. 

Chaired by developer and philanthropist Ronald M. Druker and former Mayor Thomas Menino, the Trilogy Fund has transformed three important historic places for new uses:

- The long-vacant Hayden Building at 681 Washington Street in Chinatown was transformed into four market rate residential units and one commercial retail space.  Built in 1875, the Hayden Building is the only commercial building designed by Henry Hobson Richardson remaining in Boston.  Revenue from this project will support HBI’s overhead and operations.

- In Roxbury, the Alvah Kittredge House at 10 Linwood Street, a rare high style Greek Revival period building that was empty for 20 years and seriously distressed, is  60% through construction and is scheduled for occupancy in June as five apartments, two of which will be designated Affordable Housing. 

Hyde Park’sVertullo Building is an 1868 mixed-use structure with five small business spaces and four residential units on Fairmount Avenue in the Hyde Park Main Streets district.  A rare surviving structure from the period in which Hyde Park was founded as a town, the building is undergoing restoration as  part of HBI’s Historic Neighborhood Centers program – an effort to support commercial district revitalization and foster economic development with the tools of preservation and real estate development.

HBI celebrated the opening of the Hayden Building in 2013 with a festive celebration on site.  A June celebration is being planned for the Kittredge House’s opening, and HBI will dedicate the newly restored storefronts of the Vertullo Building this spring.

“We are grateful for the support of so many generous and committed donors to the Trilogy Fund,” said Matthew Kiefer, chairman of HBI’s board of directors. “who recognize that investing in historic buildings can bring character and vitality to Boston’s neighborhoods”.

The Trilogy Fund’s success generated 126 new donors to HBI’s projects and enabled HBI to increase the volume of preservation work in its pipeline of historic buildings needing attention.  Over the next few months, HBI will hold celebrations to dedicate the completed projects and honor donors to the Trilogy Fund. 

“For HBI, completion of the Trilogy Fund’s projects is a harbinger of what’s to come.” said HBI’s Executive Director Kathy Kottaridis.  “HBI has grown its capacity to bring distressed historic buildings back into the life of their communities, and we have engaged many new partners and friends in that goal.   Success in the Trilogy Fund shows that we’re ready for more.” 

Please stay tuned for announcements of the Trilogy Fund’s celebrations and special events.  If you would still like to contribute to the Trilogy Fund, HBI welcomes donations at http://www.historicboston.org/general/donate/index.html

  

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