The HYM Investment Group is teaming up with a group that includes two New York City firms to redevelop a seven-acre stretch of Dorchester Avenue in South Boston, seeking to bring another mixed-use project to a corridor already poised for big changes.
The group closed on what its members considered a final puzzle piece last week when it acquired a property on Dot Ave. and Old Colony Avenue from a National Development affiliate for $25 million. That property, which includes a Dunkin’ location as well as a commissary for the chain, is wedged between other parcels the group had already assembled. Together, they form a triangle bordered by Dot Ave., Old Colony and D Street.
Source: HYM, Extell, J.T. Magen to pursue Dot Ave. redevelopment – Boston Business Journal
