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Saint Louis, MO (2007)

Big Brothers Big Sisters – Kranzberg Arts Center

Financing for the $13.9M Big Brothers Big Sisters Building, formerly a Woolworth store.

Investment

  • NMTC Amount: $11,346,240
  • Total Project Cost: $14,500,000

IMPACT

  • 76 FTE jobs
  • 120 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

St. Louis – Grand Center – Nonprofit HQ – Office space and art facility: The Kranzberg Arts Center, a nonprofit organization located in Grand Center, hosts a variety of creative endeavors. From exhibits to theater productions and music performances of all kinds, the schizophrenic calendar contains a plethora of options for the curious art lover to enjoy in its spaces. Sounds from the Kranzberg’s stage varies from night-to-night, featuring everything from jazz and indie rock to hip-hop and experimental improvisation. The intimate studio setting helps visitors feel like a part of the experience rather than just an onlooker at show. The $13.9 million Big Brothers Big Sisters Building, formerly a Woolworth store, was McCormack Baron Salazar’s first non-residential development that used a combination of historic and New Markets tax credits.

MAP

Address: 501 North Grand Boulevard, Saint Louis, MO 63103

Census Tract: 29510119300

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