Scape North America will move forward on a 451-residence building in Boston's Fenway neighborhood. The forthcoming collection of homes is aimed at Bostonians working in the neighborhood’s booming tech and medical industries, and is scheduled to open its doors in 2022. The project was financed with a construction loan from Madison Realty Capital, the New York-based private equity firm which has invested heavily in multifamily developments in recent years. “This financing will ensure that workers in these sectors will have access to much-needed, reasonably priced housing options in the highly sought-after Fenway neighborhood,” said MRC Managing Principal and Co-Founder Josh Zegen.

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