Shawmut joined the Jamaica Plain Development Corporation (JPNDC), The Community Builders, Incorporated (TCB), The Massachusetts Executive Office of Housing and Livable Communities, MassHousing, local elected officials, and residents to commemorate the Grand Opening of 250 Centre Street, a new mixed-use development tailored to the neighborhood.

The new transit-oriented development, designed by ICON Architecture, adds 110 new homes to the city's housing portfolio. The new apartment building has housing in a range of sizes to meet the needs of the community. It includes 7 studio units, 69 one-bedroom units, 30 two-bedroom units, and 4 three-bedroom units. The new building is in proximity to shopping centers and cultural and outdoor amenities. 250 Centre Street also offers residents access to the Jackson Square community which has a lively nightlife, diverse culinary options, and boutique shopping. The development is located near MBTA Orange Line stations, MBTA bus stops, and the Southwest Corridor bike path. Amenities within the building include an elevator for enhanced accessibility, central air conditioning, a spacious community area on the first floor for programming, a 24-hour fitness facility, and a courtyard with green space and a grilling area for community enjoyment.

The new building is part of the Jackson Square Redevelopment Initiative (JSRI), a collaborative venture involving The Community Builders (TCB), Jamaica Plain Neighborhood Development Corporation (JPNDC), Urban Edge, and the City of Boston. JSRI's mission to revitalize over 8 acres of vacant land and create more than 300 units of affordable housing in the Jackson Square neighborhood has been significantly advanced by the completion of 250 Centre Street.