Boston – The Boston Planning & Development Agency (BPDA) board voted at its January board meeting to tentatively designate HYM Investment Group, LLC and My City at Peace (HYM/MyCAP) to redevelop Parcel 3 (P-3) in Roxbury.
HYM and MyCAP are proposing to transform this long vacant parcel, which is currently being used as overflow parking for adjacent sites, into affordable housing for the community, green spaces, life science buildings, a life science workforce training center, and a new museum and policy center. Currently, the proposal aims to redevelop this parcel into five mixed-use buildings and open space with affordable, for sale housing to be completed in Phase 1 of the development. These buildings would be a mix of lab, residential, retail, commercial, and assembly space. Consisting of approximately 7.7 acres, this is the largest undeveloped parcel in the BPDA’s real estate portfolio.
“I’m glad we’re taking this first step toward a vision for P-3 being realized,” said Chief of Planning Arthur Jemison. “BPDA staff has worked diligently to pursue deep engagement with the community and prioritize their recommended vision for this land at every step of the process. The BPDA looks forward to working with HYM/MyCAP to transform Parcel P-3 into a positive addition that benefits the people of Roxbury.”
“On behalf of the P-3 Roxbury Team, we are thankful to the BPDA board of directors, the Roxbury Strategic Master Plan Oversight Committee, the Project Review Committee and the Roxbury community for choosing our team as the developer of P-3,” said Reverend Jeffery Brown, MyCAP founder and CEO and Thomas N. O’Brien, managing partner and CEO of HYM. “Driven by Boston and Roxbury’s next generation of Black, brown, and women entrepreneurs, we are committed to creating generational wealth, high-paying jobs with long-term career opportunities, and affordable housing for families of color in the Nubian Square and Greater Roxbury area.”
Like all BPDA-owned parcels in the city of Boston, the selected development team was required to meet the BPDA’s diversity, equity, and inclusion evaluation criterion, and outline commitments to including Minority and Women-Owned Business Enterprises (M/WBEs) in all aspects of their development process.
Following the tentative designation, HYM/MyCAP will file the project for Article 80 Large Project Review. The Article 80 process will be managed by the BPDA, in partnership with the community and local elected officials, to review the proposal’s impacts on transportation, the public realm, the environment, and other considerations.
—
Check out this episode of HP’s Build Better podcast, where Anastasia talked with Reverend Jeffrey Brown, co-founder of My City at Peace and associate pastor at Twelfth Baptist Church in Roxbury, and Tom O’Brien, founding partner and CEO of The HYM Investment Group about the project. Listen now!
