New Markets Tax Credit Coalition

Artspace Commons

The historic rehabilitation of the Western Macaroni Manufacturing Company warehouse originally built in 1900.

Investment

  • NMTC Amount: $6,825,000
  • Total Project Cost: $7,048,800

IMPACT

  • 5 FTE jobs
  • 25 construction jobs

Investor

Project Description

Macaroni Flats is the historic rehabilitation of the Western Macaroni Manufacturing Company warehouse originally built in 1900. The project opened in December 2016 and includes 13 residential one and two bedroom apartments and 8 streetlevel commercial spaces for artists and small businesses – Commercial/retail/cafe

MAP

Address: 244 South 500 West, Salt Lake City, UT 84101

Census Tract: 49035114000

Other Utah Projects

Community Development Finance Alliance recently provided a $10M NMTC allocation to fill a $2.25M funding gap for the new construction of a 68,900 square-foot community recreation center
Artspace Commons North is a green, mixed-use artist community in downtown Salt Lake City, Utah.
New construction of a 57,000 child care and adult day care facility on a 5.5 acre parcel in west Salt Lake City.
Funds for equipment purchase, working capital, and ground up construction of an adjacent facility for a manufacturer.