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Historic Tax Credits Help Fund Adaptive Reuse in North Brighton
Twain Financial Partners announced the investment of $1.6 million in federal historic tax credit equity for the historic renovation and adaptive reuse of the Charles River Speedway in Boston. The speedway is located in the North Brighton section of the city’s growing Allston-Brighton neighborhood.
The building was listed on the National Register of Historic Places in July 2010. The 1.28-acre site includes three adjoining parcels, including the original 1899 former historic racetrack administrative building and garage facility.
Locally-based Architectural Heritage Foundation is the developer and manager of the project. Upon completion, currently scheduled for the fourth quarter, renovations will result in an approximately 15,574-square-foot mixed use complex.
Notch Brewing, a local craft brewery, will anchor the project with an onsite brewery, taproom and beer garden. The project will also feature restaurant and event spaces, office space and small retail stalls.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
