OnyxGroup is a minority- and women-owned development and realty company in Boston. Shabnam Mashmasarmi and Roxbury resident Chanda Smart founded OnyxGroup to develop communities focused on equity and inclusion of local residents without displacement.

 
We strive to provide affordable residential and commercial spaces in order to foster homeownership and entrepreneurship within our communities. We are intentional and strategic in our development plans and programming to create spaces and destinations as generational wealth creation corridors.

We believe developments can—and should—reclaim and preserve the integrity of our communities.

Our approach to development starts and ends with people. We bridge the communication and development gap between the community and the builder, forming partnerships to develop communities focused on inclusivity and tangible equitable growth, starting with local residents.

Onyx is motivated by building communities that reinvest in themselves and aim to be a bridge to developing equity and opportunity. We strive to be a viable resource for the communities we develop, partnering with major industries to increase financial resources, job growth and educational opportunities.

We build with a purpose; to create a community where residents can live and work, have access to wealth building resources, and receive equitable stakes in neighborhoods.

Onyx aims to integrate change with culture, transforming the face of development. Massachusetts is ready for a new paradigm, and we’re here to lead.

The OnyxGroup Development & Realty

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