Search

Philadelphia, PA (2020)

Cobbs Creek Commons

Acquisition and renovation of a 33,938 sq. ft. building by an MBE developer providing below-market leases to three small MBE tenants in a low-income community.

Investment

  • NMTC Amount: $1,730,000
  • Total Project Cost: $1,959,599

IMPACT

  • 20 FTE jobs
  • 1 construction jobs
  • 33,938 sq. ft. of real estate

Investor

Project Description

Acquisition and renovation of a 33,938 sq. ft. building by an MBE developer providing below-market leases to three small MBE tenants in a low-income community. Tenants are an electrical supply company, a commercial cleaning company, and a church.

MAP

Address: 112 North 63rd Street, Philadelphia, PA 19139

Census Tract: 42101009600

Related Projects

Saint Louis, (2018)