New Markets Tax Credit Coalition

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Canal Alliance

Investment

  • NMTC Amount: $13,500,000
  • Total Project Cost: $16,213,264

IMPACT

  • 104 FTE jobs
  • 3 construction jobs
  • 3 jobs created and 101 jobs retained.
  • 29,724 sq. ft. of real estate

Investor

Project Description

Acquisition and rehabilitation of the former Grand Marina Building to serve as the organization’s new headquarters and key service location. Rehab of an existing two-story building on approximately one acre of land. The renovations will consist of a separation of the Marina and Bay Buildings, allowing for separation of Canal Alliance’s operation and that of the existing tenants. Tenants will be at below market-rate and include, Marin County Transit District, American Reporting Services a litigation support provider, and Marin Pacific Company an Insurance agency.

MAP

Address: 711 Grand Avenue, San Rafael, CA 94901

Census Tract: 6041110100

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