New Markets Tax Credit Coalition

  • Saint Louis,
  • MO
  • (2009)

The Avenida – Warehouse 7 Lofts

District: Wesley Bell (D-MO01)

Financing of a historic 110,000 sq. ft. warehouse into mixed use apartments and retail.

Investment

  • NMTC Amount: $20,000,000
  • Total Project Cost: $26,000,000

IMPACT

  • 160 FTE jobs
  • 75 construction jobs
  • 110,000 sq. ft. of real estate

CDEs

Investor

Project Description

In 2009, NMTC financing supported the historic renovation and repurposing of an abandoned, 110,000 sq. ft. warehouse into a mixed-use building with commercial and loft apartments.

Originally a shoe manufacturing warehouse, the building is now part of the revitalized Loft District, an area where abandoned, blighted, and environmentally contaminated structures were transformed into community facilities, commercial, and residential structures.

MAP

Address: 1227 Washington Avenue, Saint Louis, MO 63103

Census Tract: 29510125500

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