SOUTH BOSTON, Mass.–Mass Bay Credit Union is putting its South Boston headquarters on the market, but with a caveat: any sale and redevelopment must include the credit union staying on the site.
Mass Bay’s headquarters spans just over an acre at 147 W. Fourth St., a site located south of the Broadway MBTA Red Line station, the Boston Business Journal reported.
The credit union said in a statement it was excited to pursue “opportunities for state-of-the-art facilities, modernized infrastructure, and overall improved services for its valued members.”
The listing comes at a time when developers have flocked to property near both the Broadway and Andrew MBTA Red Line stations, with a number of new housing projects coming online, according to the Business Journal.
‘Transformative Development’
The city has identified the stretch of Dorchester Avenue between the two stations as an area that could host dense development, and one developer said it is planning a “transformative” mixed-use development there, “The Block on A,” the report added.
“The Block on A is a highly desirable critical mass development opportunity,” a statement from the developers said. “We see the sale as a 100% mutually beneficial arrangement for the parties involved and are excited to help bring Mass Bay Credit Union’s strategic plan to fruition.”