New Markets Tax Credit Coalition

Search

Old Parkland Hospital Campus Phase 2

Investment

  • NMTC Amount: $13,550,000
  • Total Project Cost: $20,321,926

IMPACT

  • 42 FTE jobs
  • 152 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

NMTC financing supported renovation of vacant hospital campus into boutique office space, dinning hall and coffee shop.

Details: The Old Parkland lands stood vacant for years at Maple and Oak Lawn Avenues before Crow Holdings restored the historic hospital campus into a significant landmark in 2009. This project expanded the Old Parkland campus across Maple Avenue to fill the block bounded by Maple, Fairmount, Reagan, and Throckmorton. 

Previously, the parcels totaled 111,220 square feet (or 2.56 acres). At their existing FAR, that would result in buildings totaling of roughly 211,318 square feet. At 4:1 FAR, this more than doubles to 445,320 square feet of buildings.

 

MAP

Address: 3819 Maple Avenue, Dallas, TX 75219

Census Tract: 48113000500

Other Texas Projects

NMTC financing was used to purchase and install new equipment for use in the expansion of a food manufacturing facility.

NMTC financing supported renovation of vacant hospital campus into boutique office space, dinning hall and coffee shop. Details: The Old Parkland lands stood vacant for years at Maple and Oak

Working capital for a rebar manufacturer in Cleburne, TX,
The Ysleta Del Sur Pueblo Native American Medical Clinic project is the new construction of a 78,100 sq. ft. facility in El Paso, TX.