Boston – MassDevelopment has issued a $5 million tax-exempt bond on behalf of Blue Ivy, LLC, a real estate entity for Essex-based Great Marsh Brewing Company. Blue Ivy, LLC and Great Marsh are using bond proceeds to build and equip a brewery at 99 and 103 Main Street. The new building will feature manufacturing, canning, and warehouse space, a taproom, beer garden, and approximately 5,000sf of leasable restaurant space. East Boston Savings Bank purchased the bond.
Niemitz Design Group, Boston is the architect and Connolly Brothers, Beverly, MA is the contractor
“MassDevelopment is pleased to help entrepreneur John Collins realize the dream of expanding his home brewing operation into a state-of-the-art facility, with ample space to brew, package, and sell his product,” said MassDevelopment President and CEO Lauren Liss.
Construction of the brewery has begun and is expected to be complete by fall 2019.