New Markets Tax Credit Coalition

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  • Philadelphia,
  • PA
  • (2018)

Bok

District: Dwight Evans (D-PA03)

Adaptive reuse of a 218,000 sq. ft. former technical school into a small business hub focusing on local makers and artisans, who utilize the technology and infrastructure of the technical school for their workshops.

Investment

  • NMTC Amount: $9,760,000
  • Total Project Cost: $19,457,101

IMPACT

  • 510 FTE jobs
  • 6 construction jobs
  • 218,000 sq. ft. of real estate

CDEs

,

Investor

Project Description

Adaptive reuse of a 218,000 sq. ft. former technical school into a small business hub focusing on local makers and artisans, who utilize the technology and infrastructure of the technical school for their workshops. Over 200 tenants currently occupy the building, of which approximately 25% live in the project’s zip code. Space is also used for private and community events.

MAP

Address: 1901 South 9th Street, Philadelphia, PA 19148

Census Tract: 42101004101

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