This project involved the rehab of the blighted Bulova building into mixed use facility. The NMTC financed the extensive renovation of the former Bulova Building located at 101 North Queen Street. The $28.5 million revitalization project involves the transformation of the vacant manufacturing facility into a vibrant, mixed-use complex which will be named 101 NQ. Once completed, 101 NQ contains 21,000 square feet of retail space, 90,000 square feet of office space, 35 apartment units, and 35 parking spaces. The project created 195 full-time jobs in addition to 45 construction jobs.
$12 million mezzanine loan for $45 million project in July 2010. Conversion of historic Macy’s building into special event center; Includes restaurants, banquet hall, meeting rooms, business incubator; 623 annual permanent jobs created
Remington Row is a 250,000 square foot mixed-use, new construction project in the heart of the Remington neighborhood in Baltimore, Maryland. It is the first of several, planned redevelopment projects along three adjacent blocks, designed to fill a need for community services, retail and reasonably-priced apartments and to catalyze further investment in the neighborhood. The building features a 30,000 square foot health clinic, 15,000 square feet of retail, 108 apartments, and three floors of underground parking. The apartments are priced below-market, and 20 percent of the units are affordable to families earning less than 80 percent of area median income.
The project entails the renovation of the Winters Building – a school and performing arts center that provides services to underserved inner-city youth.
The project involved the construction of a completely new steel and concrete structure within the historic exterior walls. The improvements included performance theaters on the first and second floors, lower-level instructional space, all new building systems, restoration of the historic façade, and increased classroom/office space.
NTCIC is pleased to announce the successful closing on historic financing for the POST Houston revitalization in downtown Houston, Texas. NTCIC syndicated the federal Historic Tax Credits (HTCs) earned by the project which generated over $23.7 million in equity. These funds will allow the project sponsors to turn the former Barbara Jordan Post Office in Houston’s downtown Arts District into a one of a kind urban ecosystem, including one of the world’s largest rooftop parks and farms. The 525,000 square foot former headquarters of the Houston Post Office will become a mixed-use cultural and entertainment epicenter for the downtown area. Designed by OMA, the world-renowned architecture firm founded by Rem Koolhaas, the project will include one of Houston’s largest food halls, co-working and tech incubator space, a music and entertainment venue, designer retail, office, and one of the world’s largest rooftop parks and farms.