Hub City Lofts

New Markets Tax Credit Coalition

Hattiesburg,
MS
(2012)

Hub City Lofts

Community, Daycare and Early Childhood, Historic Rehabilitation, Mixed-use, Retail, Youth and Families, Youth Program

Rehabilitation of four historic buildings into a market-rate apartment community consisting of 55 rental apartment units, 12,906 square feet of ground floor commercial space, and 43 adjacent parking spaces.

Investment

NMTC Amount: $11,880,000
Total Project Cost: $13,017,504

IMPACT

50 FTE jobs
80 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
12,906 sq. ft. of real estate

CDEs

CCG Community Partners, Whitney New Markets Fund

Investor

Whitney National Bank

Project Description

Isis Development, LLC is rehabilitated four historic buildings into a market-rate apartment community consisting of 55 rental apartment units, 12,906 sq. ft. of ground floor commercial space, and 43 adjacent parking spaces. The two sets of historic buildings are located approximately 220 feet apart on East Front Street, in the heart of downtown Hattiesburg. The rehabilitated buildings offer a mixture of studio, one, and two bedroom units with a ground floor retail component that will include 1,275 sq. ft. of commercial space cheap replica Cartier watches dedicated to the City of Hattiesburg who offer children educational programs focused on the arts, reading, science and entrepreneurship. The restoration of these blighted buildings is expected to catalyze additional development in the downtown Hattiesburg.

MAP

Address: 501 Main Street, Hattiesburg, MS 39401

Census Tract: 28035010700

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