Mills Building Redevelopment

New Markets Tax Credit Coalition

El Paso,
TX
(2010)

Mills Building Redevelopment

Historic Rehabilitation, Mixed-use

NMTC financing for Mills Building Redevelopment, a mixed-use project.

Investment

NMTC Amount: $25,000,000
Total Project Cost: $45,679,148

IMPACT

62 FTE jobs
150 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
138,000 sq. ft. of real estate

CDEs

Texas Community Development Corporation, Waveland Community Development

Investor

US Bank

Project Description

Mills Building development in El Paso, Texas. This 12-story, 138,000 sq. ft. structure dates to 1911, when it was among the tallest monolithic concrete buildings in the United States.Vacant for years, it is part of the larger $67 million Mills Plaza redevelopment. This 12-story, 138,000 sq. ft. structure dates to 1911, when it was among the tallest monolithic concrete buildings in the United States.Vacant for years, it is part of the larger $67 million Mills Plaza redevelopment being undertaken by Mr. Paul Foster. This catalytic investment is taking place in a census tract with a poverty rate in excess of 50% and an unemployment rate exceeding 20%.

MAP

Address: 303 North Oregon Street, El Paso, TX 79901

Census Tract: 48141001700

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