Mills Building Redevelopment

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

Investor

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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