A third-generation Dudley Square landmark is expanding next door in a complex $15 million deal involving several city and state agencies along with the two brothers who own Tropical Foods.
Begun in 1974 by their grandfather, Pastor Medina, in a rented store called "El Platanero" or The Banana Man, the business has flourished. Tropical Foods is bursting at the seams in its 8,500-square-foot store, said co-owner Randy Garry, and the financing for the expansion announced by Boston Mayor Thomas M. Menino yesterday will more than triple the store's retail space.
"I am so proud to see this important project moving forward in the heart of Roxbury," Menino said.
The $15 million expansion will be financed in part by $3.6 million of New Market Tax Credits, provided through Bank of America, $1.4 million of MassWorks infrastructure program funding provided by the Executive Office of Housing and Economic Development, and a $788,000 grant from the U.S. Federal Office of Community Services as part of its Healthy Food Initiative.
Garry said he and his brother have had opportunities to move elsewhere, but held on to expand in their own neighborhood.
The project will combine land owned by the Boston Redevelopment Authority and the Massachusetts Department of Transportation with the brothers' property to build the new grocery store, then the current store will be converted into housing, city officials said. A five-story office and retail building also is planned.
"It was sort of complex," Garry said. "There were several different layers to it. There were a number of hurdles, that everybody had to coordinate."
Anda sedang membaca artikel tentang
Tropical Foods gets $ to expand
Dengan url
http://tanganusaha.blogspot.com/2014/01/tropical-foods-gets-to-expand.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Tropical Foods gets $ to expand
namun jangan lupa untuk meletakkan link
Tropical Foods gets $ to expand
sebagai sumbernya
0 komentar:
Posting Komentar