Boston – My City at Peace (MyCAP) and The HYM Investment Group, LLC received a recommendation on Oct. 3 as they look to develop a long under-utilized parcel in Roxbury known as Parcel 3 (P-3).
At a public Zoom meeting, the Roxbury Strategic Masterplan Oversight Committee (RSMPOC) accepted the Project Review Committee’s decision to recommend MyCAP and HYM’s proposal to the Boston Planning and Development Agency (BPDA). The 15-member RSMPOC is comprised of local residents and stakeholders who offer community input and guidance to ensure major development projects in Roxbury align with the goals set forth by the 2004 Roxbury Strategic Master Plan and the PLAN Nubian Initiative.
MyCAP and HYM’s proposal is a 50/50 joint venture led by Boston’s next generation of black and brown entrepreneurs designed to transform the vacant, 7.7-acre parcel into a thriving mixed-use community, serving the surrounding greater Roxbury neighborhood and beyond. The proposal includes 144 affordable homeownership units and 164 affordable rental units, over 700,000sf of life science space, and over 45,000sf of retail destinations that would elevate local, minority- and women-owned businesses.
The proposal also includes a 10,000sf training center that would become the new headquarters of LabCentral Ignite, a subsidiary of life science incubator LabCentral that focuses on enhancing diversity in the life science industry, in addition to a new museum and policy center for King Boston, a nonprofit organization that honors the legacy of Dr. Martin Luther King and Coretta Scott King. MyCAP and HYM’s proposal would generate approximately 1,600 construction jobs and over 2,700 permanent jobs.
MyCAP and HYM’s proposal has been developed in partnership with Madison Park Development Corporation, DREAM Collaborative, The OnyxGroup, Lab Central Ignite, King Boston, Prive Parking, Our Village Initiative, Maven Construction, John Moriarty & Associates, enviEnergy, Dain Torpy, Agency Landscape+Planning, Howard Stein Hudson, Nitsch Engineering and Goulston & Storrs.
“The homeownership opportunities created through the MyCAP and HYM P-3 proposal are important steps toward addressing Boston’s black wealth gap and creating opportunities for communities of color to build equity through homeownership,” said Reverend Jeffrey Brown, founder and CEO of My City at Peace.
“We are thrilled to receive the recommendation of the RSMPOC,” said Thomas N. O’Brien, managing partner and CEO of HYM. “Our P-3 proposal has been intentionally designed to reflect and serve the surrounding Roxbury community and we are honored to have the support of so many key stakeholders and community members, including the RSMPOC.”
Following the RSMPOC vote, the proposals to develop P-3 will now go before the BPDA for consideration and approval.
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To learn more about the proposal, check out HP’s latest episode of the 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. Listen now!
