MCG provided early stage financing and guidance for this innovative tech social enterprise that increased opportunities for low-status communities to engage the tech economy, by creating an outsourcing based on-ramp to the tech ecosystem within those communities. StartUp Box’s first pilot in the South Bronx serves as a blueprint to launch StartUp Boxes in other low-status communities nationwide.Type your paragraph here.
FLANNER HOUSE MIXED USE DEVELOPMENT -- INDIANAPOLIS, IN
Along with the historic community development organization, Flanner House, MCG is leading the development of a mixed use project with 100 units homeownership and rentals, urban farm, adjacent local food business incubator local and a 100,000 sq ft production facility for Revolution Foods.
(former Hunts Point Rail Station)
MCG acquired this historic rail station and is redeveloping it into an event & performance venue. It meets community demand for “3rd Spaces” and creates local economic growth. We are financing through a combination of debt, crowdsourced equity, and historic tax credits.
Positive Real Estate Development
BOOGIE DOWN GRIND
Established in 2017, MCG launched The Boogie Down Grind as a curated café experience celebrating Hip Hop culture and supporting community at its roots. The commercial 3rd space features the best coffee, tea, local beers, sangria, wine and the unique vibes of the local creative community - which previously migrated out of the area to experience high quality. The Cafe currently enjoys over 10k Instagram Followers, tremendous Google and Yelp reviews, and is working on expansion to other cities.
HUNTS POINT HEIGHTS
The Majora Carter Group was the lead developer responding to a request for proposals on a $700M mixed-use project in The Bronx New York, at the site of the former Spofford Juvenile Detention Center on 5 acres of land in the Hunts Point section of the South Bronx. MCG brought it to the City's attention as a site large enough to provide a real estate development that could have economic, environmental and social transformational effect on the low income community.
MCG conducted years of community outreach via surveys, focus groups and interviews to better understand community needs and aspirations to create economic diversity within their community as well as job creation and local business development to help stabilize the community instead of continuing to concentrate poverty as most developments had done.
We defined the vision and recruited an accomplished team to design a proposal for a sustainably designed mixed used project with 1200 units of mixed income housing including 100 units of low-income homeownership, integrated housing and services for young adults aging out of foster care, 200,000 sf of commercial and cultural space including 80,000 sf reserved for light manufacturing. The combined commercial development would have brought more than 800 jobs to the community.