POST Houston

Houston,
TX
(2019)

POST Houston

Community, Historic Rehabilitation, Incubator, Manufacturing, Mixed-use, Retail

Financing for the POST Houston revitalization in downtown Houston, Texas.

Investment

NMTC Amount: $26,500,000
Total Project Cost: $31,000,000

IMPACT

840 FTE jobs
1,500 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
525,000 sq. ft. of real estate

CDEs

MBS Urban Initiatives, PeopleFund NMTC

Investor

Capital One

Project Description

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 allows 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 sq. ft. former headquarters of the Houston Post Office became 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 includes 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.

MAP

Address: 401 Franklin St, Houston, TX 77201

Census Tract: 48201100000

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