Golaski Labs

Acquisition and rehabilitation of Golaski Labs, vacant form home of maker of surgical needs by the same name, into mixed-use space.

Investment

  • NMTC Amount: $6,790,000
  • Total Project Cost: $7,284,537

IMPACT

  • 100 FTE jobs
  • 40 construction jobs
  • 48,240 sq. ft. of real estate

Investor

Project Description

Acquisition and rehabilitation of Golaski Labs, vacant form home of maker of surgical needs by the same name, into mixed-use space. The commercial space is occupied a -restaurant restaurant, offices of a landscape architectural and engineering services, and P3 Impact Hub which will serve as an incubator for businesses. The project will also house 35 one and two bedroom apartments.

MAP

Address: 4537 Wayne Avenue, Philadelphia, PA 19144

Census Tract: 42101024400

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NMTC financing for a food bank's sourcing, warehousing, and distribution efforts.
A $10.3M renovation of the 107-year-old former school.

The project renovates the historic and long-vacant Berks Trust building as well as the adjacent office building. The combined space houses a 22-unit incubator space for food entrepreneurs, office space