TD Bank Provides $22M Loan for Boston LGBTQ-Friendly Senior Housing
The Pryde, a partnership between Pennrose and LGBTQ Senior Housing, has landed $22 million in construction financing to redevelop William Barton Rogers Middle School (WBR) in Boston’s Hyde Park neighborhood, Commercial Observer has learned.
TD Bank provided the loan.
Located at 15 Everett Street, the WBR school is a historical and social landmark in Hyde Park. The project plans to turn the school into 74 units of mixed-income housing for all seniors, but specifically LGBTQ seniors, according to a press release. The building will be preserved and adapted for the mixed-income, LGBTQ-friendly housing project.
The project — which includes studios as well as one- and two-bedroom units — aims to preserve the auditorium, the gym, the movie theater, the lobby and some 10,000 square feet that’s open to both residents and the general public.
“TD is excited to be part of this project,” said Benjamin Kruger, commercial team lead of TD Bank, in a statement. “It’s fitting that the groundbreaking took place in June, which is LGBTQ Pride month. We see this project as further demonstration of our commitment to diversity and inclusion, not just during the month of June but year-round.”
Pennrose and LGBTQ Senior Housing officials did not immediately respond to requests for comment.
Update: This story originally misattributed source material. This has been corrected. We apologize for the error.
Emily Fu can be reached at efu@commercialobserver.com.
