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Boston & New England  + Boston  + Healthcare  |  May 21, 2026
Paul Bubny
By: Paul Bubny

Developers Advance $850M Plan for Former Carney Hospital Site in Dorchester

The HYM Investment Group (HYM) and My City at Peace (MyCAP) have filed a Letter of Intent (LOI) with the Boston Planning & Development Agency for the redevelopment of 2100 Dorchester Ave., the former Carney Hospital site. The proposed $850-million redevelopment would transform the former 12.8-acre hospital site into a mixed-use Dorchester Health Campus centered on healthcare access, housing and community connectivity, the developers said.

Formerly owned by Steward Health Care, the hospital has been closed since 2024 following the Steward bankruptcy. HYM signed an agreement in October with current site owner Apollo Global Management to create a plan to redevelop the Carney space, the Boston Business Journal reported. 

In a statement, HYM CEO Thomas N. Obrien and MyCAP founder Rev. Jeffrey Brown said, “This filing reflects extensive community feedback and a shared commitment to restoring healthcare uses on campus, expanding local housing opportunities and enhancing connectivity on a site that has long been a cornerstone of the neighborhood.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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