Development

Developer Pitches 55 Apartments in Renovation of Blessed Sacrament

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The development company chosen to renovate and reuse Blessed Sacrament filed a letter of intent with the city outlining its proposed project. Hyde Square Task Force announced it was selling the Blessed Sacrament Church to Pennrose in October. Pennrose's proposal is for a mixed-use, mixed-income housing development in which Pennrose will honor Blessed Sacrament's architecture and history while adding more affordable housing to the neighborhood. The proposal calls for 6,475 sq. ft of multipurpose/performance space that would be operated by Hyde Square Task Force.

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Business

Hyde Square Task Force to Sell Blessed Sacrament to Developer for Income-Restricted Units, Community Space

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The Hyde Square Task Force has chosen developer Pennrose to sell the Blessed Sacrament Church, which will turn it into affordable housing, community space, and more. A letter signed by HSTF Executive Director Celina Miranda and Board leadership was sent to local stakeholders, elected officials, and community leaders that outlined some of the benefits Pennrose is committed to providing. “We recognize that this is the beginning of a partnership with Pennrose,” said Miranda. “The HSTF Board believes that Pennrose has the highest likelihood of a great outcome for the community and for our organization.”

Pennrose proposed income-restricted housing with at a minimum:
● <30% AMI: 8 units (15%)
● <50% AMI: 8 units (15%)
● <60% AMI: 16 units (30%)
● <120% AMI: 20 units (40%)

Pennrose has also committed to providing community space for 200+ people in which the HSTF would remain the operator of this space for the long term. Pennrose has also committed to outdoor community space in front, converting the baptistery to an open-air performance gazebo, and to respecting the existing outdoor green space to the west of the church, said the letter.

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