Transformative development in Boston’s Ashmont neighborhood – Treadmark – celebrates official opening with ribbon-cutting ceremony

HNEF’s investment is helping to rebuild this community with “healthy people, healthy environment and a healthy economy”

June 7 – Nearly 200 people, including Mayor Martin J. Walsh and U.S. Representative Ayanna Pressley, today joined Trinity Financial, other public officials, and community and business leaders to celebrate the official opening of Treadmark, an 83-unit mixed-income, mixed-use, transit-oriented development in Dorchester.

Treadmark represents HNEF’s second investment, made in 2016. The building – named for a tire company that operated on the site for generations – consists of 32 moderately-priced homeownership units, which HNEF helped to finance, and 51 affordable rental apartments, which were financed separartely. The development also includes ground-floor retail with the neighborhood shop, American Provisions. In addition to American Provisions, Trinity Financial will complete the ground-floor retail program, with two remaining retail spaces totaling 2,500 square feet.

“The opening of Treadmark is an important and exciting milestone for Peabody Square,” said Mayor Walsh. “I am proud that together we have created dozens of affordable units and retail space for businesses that will help boost the local economy.”

U.S. Representative Ayanna Pressley, a resident of this neighborhood, exuded enthusiasm in her remarks. “These aren’t just 83 units, these are 83 families whose lives will be changed,” she said. “This is an incredible community. It’s vibrant. It’s diverse. It’s civically engaged. I’m so excited for our new neighbors that will be able to call this community home.”

Maggie Super Church, Vice President of Market Innovation and Impact at the Conservation Law Foundation, represented HNEF at the ceremony as one of eight speakers. In her comments, she summed up HNEF’s interest in this project.

“When CLF and MHIC set out to create HNEF a few years ago, our goal was to help fill the gap for mixed-income, mixed-use projects close to transit. We know that these kinds of projects, when they are done right, have multiple benefits: healthy people, healthy environment and a healthy economy.

“Treadmark brings together all of the key ingredients for a healthy neighborhood: housing that’s affordable to broad range of people and families, including new homeownership opportunities; access to public transit and jobs; safe and walkable streets; and access to healthy food and green space. Equally important, this project reflects the vision and aspirations of residents in this community and the City of Boston,” she said.

For more information about Treadmark, see our project page.