A.W. Golden Cadillac Rehab

New Markets Tax Credit Coalition

Reading,
PA
(2020)

A.W. Golden Cadillac Rehab

Community, Mixed-use

Investment

NMTC Amount: $8,000,000
Total Project Cost: $8,082,078

IMPACT

200 FTE jobs
24 construction jobs
45,288 sq. ft. of real estate

CDEs

Commonwealth Cornerstone Group

Investor

Chase

Project Description

NMTCs helped Shuman Development Group convert a 45,288 sq. ft. building into a mixed-use retail shopping center. The property had been vacant for several years. The building now houses a grocery store, a nail salon, a smoothie shop, a pharmacy, a restaurant, a beauty and barber school and a daycare center.

MAP

Address: 733 Lancaster Avenue, Reading, PA 19611

Census Tract: 42011002600

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Philadelphia,
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Community

CDE(s): PIDC Community Capital

Redevelopment of a 113,300 sq. ft. historic, abandoned opera house built in 1908 into a state-of-the-art live entertainment venue, with additional rent-free office space for community nonprofits.