Bok

New Markets Tax Credit Coalition

Philadelphia,
PA
(2018)

Bok

Historic Rehabilitation, Makerspace, Nonprofit Hub

Adaptive reuse of a 218,000 sq. ft. former technical school into a small business hub focusing on local makers and artisans, who utilize the technology and infrastructure of the technical school for their workshops.

Investment

NMTC Amount: $9,760,000
Total Project Cost: $19,457,101

IMPACT

510 FTE jobs
6 construction jobs
218,000 sq. ft. of real estate

CDEs

PIDC Community Capital, The Reinvestment Fund

Investor

Unknown

Project Description

Adaptive reuse of a 218,000 sq. ft. former technical school into a small business hub focusing on local makers and artisans, who utilize the technology and infrastructure of the technical school for their workshops. Over 200 tenants currently occupy the building, of which approximately 25% live in the project’s zip code. Space is also used for private and community events.

MAP

Address: 1901 South 9th Street, Philadelphia, PA 19148

Census Tract: 42101004101

Other Pennsylvania Projects

SUPRA/EMSCO – New Headquarters

Philadelphia,
PA
(2021)

Business Development, Manufacturing, Warehouse and Wholesale

CDE(s): PIDC Community Capital, The Reinvestment Fund

New construction of a 40,000 sq. ft. 1-story advanced warehouse facility with a 3-story 30,000 sq. ft. of office space for an office and biomedical supply company.

Susquehanna Health Innovation Center

Williamsport,
PA
(2018)

Community, FQHCs, Healthcare

CDE(s): Commonwealth Cornerstone Group, Community Hospitality Healthcare Services, PNC

Thanks to NMTC financing, UPMC Susquehanna opened a new Neuroscience Center in Williamsport, expanding services and bringing advanced procedures to the region.

Connell Building

Scranton,
PA
(2010)

Mixed-use, Office, Retail, Retail and Commercial

CDE(s): Commonwealth Cornerstone Group, Consortium America, USBCDE

The Connell Building, originally built in 1894, stood vacant for nearly a decade.

Piatt Place

Pittsburgh,
PA
(2014)

Office, Retail, Retail and Commercial

CDE(s): Commonwealth Cornerstone Group, Pittsburgh Urban Initiatives

Rehab of a 265,000 squarefoot vacant department store in downtown Pittsburgh.