Eastern Bank Provides Financing for ‘Grace by Nia,’ a New Modern-Day Supper Club in Boston’s Seaport District
31 Maio 2023 - 12:15PM
Business Wire
Three of Boston’s award-winning business leaders in the
hospitality and entertainment sector, Nia Grace—owner of Darryl’s
Corner Bar & Kitchen and The Underground Café &
Lounge—along with Ed Kane and Randy Greenstein—owners of Big Night
Entertainment Group—have joined forces to open ‘Grace by Nia’, a
modern-day supper club for which Eastern Bank is providing
financing. Opened on May 11th in Boston’s Seaport District, Grace
by Nia puts a new twist on the supper club concept, featuring over
5,000 square feet of restaurant and live entertainment space, a
Southern soul-infused menu, and a stage for live jazz music.
Eastern Bank provided the term loan for the lease-hold improvements
to support the build-out of the space.
Darryl’s Corner Bar & Kitchen and Big Night Entertainment
Group have been customers of Eastern Bank, and this newest
financing helps to expand the reach of their business owners in one
of Boston’s most dynamic and thriving neighborhoods.
“With this latest concept, Nia and Big Night Entertainment Group
are reinventing a part of the local hospitality and entertainment
sector and importantly expanding diversity of business ownership in
Boston’s Seaport neighborhood,” said Bob Rivers, CEO and Chair of
the Board of Eastern Bank. “We are proud to support these leading
entrepreneurs as they break down barriers and bring greater
diversity, inclusivity and vibrancy to this area of Boston.”
Nia Grace, restaurateur and co-owner of Grace by Nia, said,
“Eastern Bank understands the value of supporting women business
leaders whose different perspectives create greater innovation and
diversity in our economy, and we appreciate the time their team has
taken to deeply understand what we are launching and to support me
as one of the first women of color to open a hospitality business
in the Seaport.”
Ed Kane, co-owner of Big Night Entertainment Group, said,
“Through the years, we have worked with Eastern Bank for financing
our restaurant and entertainment concepts across the region.
They’re always available to talk through ideas and loan scenarios,
and we are excited to work with them again as we launch Grace by
Nia.”
Eastern Bank provides a range of commercial financing offerings
to help companies across many industries to improve cash flow,
increase efficiencies and build for the future. Commercial lending
solutions include working capital/lines of credit, equipment/term
loans, real estate loans, acquisition financing, asset-based
lending and employee stock ownership plan-related financing.
The Commercial Banking team advising Grace by Nia includes
Executive Vice President, Senior Commercial Banking Officer Greg
Buscone, Senior Vice President, Commercial Group Director Brendan
O’Neill, and Senior Vice President, Commercial Relationship Manager
Ian Willard.
About Eastern Bank
Founded in 1818, Boston-based Eastern Bank has more than 120
locations serving communities in eastern Massachusetts, southern
and coastal New Hampshire, and Rhode Island. As of March 31, 2023,
Eastern Bank had approximately $23 billion in total assets. Eastern
provides banking, investment and insurance products and services
for consumers and businesses of all sizes, including through its
Eastern Wealth Management division and its Eastern Insurance Group
LLC subsidiary. Eastern takes pride in its outspoken advocacy and
community support that includes $240 million in charitable giving
since 1994. An inclusive company, Eastern employs approximately
2,100 deeply committed professionals who value relationships with
their customers, colleagues and communities. Join us for good at
www.easternbank.com and follow Eastern on Facebook, LinkedIn,
Twitter and Instagram. Eastern Bankshares, Inc. (Nasdaq Global
Select Market: EBC) is the stock holding company for Eastern Bank.
For investor information, visit investor.easternbank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230531005766/en/
Media contact: Andrea Goodman Eastern Bank
a.goodman@easternbank.com 781-598-7847
Investor contact: Jill Belliveau Eastern Bankshares, Inc.
InvestorRelations@easternbank.com 781-598-7920
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