An arts and design College and dorm, Charter Middle/High School and business accelerator: Located in downtown Detroit, MI, The Argonaut project converted a historic GM building into a 760,000 sq. ft. mixed-use educational facility. The College of Creative Studies’ expansion campus features educational facilities for undergraduate and graduate programs, residential facilities for up to 300 students and an arts and design middle and high school serving approximately 900 students annually. The project achieves LEED Certification for Existing Buildings, incorporates sustainability features, and may incorporate alternative energy generation once construction is complete. Six NMTC allocatees were involved in the transaction to overcome long-standing development hurdles. (NNMF NMTCs: $7.5 million)
The construction of a new 35,000 square foot medical, dental, and pharmacy facility by Advance Community Health adjacent to its existing 13,100 SF Rock Quarry Health Clinic in Raleigh, NC. The project also includes the re-purposing of its existing Rock Quarry building into a centralized facility to house all of Wake’s administrative departments.