Trinity Financial to pursue supermarket for Bulfinch Triangle
Trinity Financial, Inc. of Boston, which developed the 241-unit Avenir apartment complex in the city's renewed Bulfinch Triangle neighborhood near North Station, is seeking a supermarket operator to anchor its planned project on three parcels in the community.
One Canal, as the new mixed-use development is to be known, had been planned to include a Stop & Shop supermarket, a grocery outlet not only widely supported by adjacent residents in the North End and West End but also a company with a history in the area, in an historic Causeway St. building nearby.
Stop & Shop has informed Trinity that, despite progress that had been made, it is now concentrating on occupying another site in the neighborhood.
Sarah Barnat, senior project manager at Trinity Financial, said that both Trinity's original and current plans for the North Washington St. site call for a residential use above two floors of retail, one of which would be dedicated for supermarket use.
Barnat acknowledged that the neighborhood might not be able to support two supermarkets. However, she added, "The community has been wanting a supermarket for years and years. We have heard them, and we hope to be the team who can finally deliver one."
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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