Monday afternoon, the Sugar Beet Co-op signed a long-term and very generous lease for the ground floor commercial space of The Grove Apartments. The landlord is Interfaith Housing Development Corporation, a partner in the conversion of the old Comcast headquarters into 51 affordable housing units targeted at single tenants, some with disabilities.
There has long been concern, particularly among critics of the project, that the commercial space would prove un-leasable. That makes this partnership between these two innovative non-profits such a match. With its apartments already fully leased, Interfaith needed the commercial space filled. With resources limited, Sugar Beet needed a visible, expansive space at a good price.
Both needs have now been filled on Madison Street.
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