Affirmative is excited to be a financing partner on the Nubian Ascends Team.
Kai Grant and her husband, Chris Grant are working to purchase the building in partnership with Madison Park, a 55-year-old community development corporation that has helped build affordable housing in the city and restore Hibernian Hall. Madison Park will provide technical assistance, helping to usher the Grants through the purchase.
The Grants’ acquisition of the building is still being finalized, but should it go through, it will be another promising piece in Nubian Square’s redevelopment, said Richard Taylor, a developer who has partnered with the Grants on plans for the Nubian Ascends project, which will be built on the Blair Lot parcel in the square. The 329,000-square-foot project would bring market-rate office space, a marketplace, and a cultural hall with artists’ work spaces to the neighborhood. It was approved by the Boston Planning & Development Agency in December.
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Additional Nubian Square News: The Boston Business Journal, Universal Hub, and The Boston Herald