NTCIC is pleased to announce the successful closing on historic financing for the POST Houston revitalization in downtown Houston, Texas. NTCIC syndicated the federal Historic Tax Credits (HTCs) earned by the project which generated over $23.7 million in equity. These funds will allow the project sponsors to turn the former Barbara Jordan Post Office in Houston’s downtown Arts District into a one of a kind urban ecosystem, including one of the world’s largest rooftop parks and farms. The 525,000 square foot former headquarters of the Houston Post Office will become a mixed-use cultural and entertainment epicenter for the downtown area. Designed by OMA, the world-renowned architecture firm founded by Rem Koolhaas, the project will include one of Houston’s largest food halls, co-working and tech incubator space, a music and entertainment venue, designer retail, office, and one of the world’s largest rooftop parks and farms.
