New Markets Tax Credit Coalition

Connell Building

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

Investment

  • NMTC Amount: $18,180,000
  • Total Project Cost: $22,344,429

IMPACT

  • 125 FTE jobs
  • 100 construction jobs

Investor

Project Description

The Connell Building, originally built in 1894, stood vacant for nearly a decade. In 2010, developer John Wolfington closed on financing that would bring the building back to life. The building is now fully leased, boasting first floor retail space, two floors of commercial office space, and five floors of residential living. At least 20% of the 89 residential units are affordable to persons at 80% of area median income or lower.

MAP

Address: 129 North Washington Avenue, Scranton, PA 18503

Census Tract: 42069100200

PDF Profile

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