New Markets Tax Credit Coalition

South Coast

A former mall was redesigned as an open air plaza.

Investment

  • NMTC Amount: $30,000,000
  • Total Project Cost: $50,035,287

IMPACT

  • 423 FTE jobs
  • 320 construction jobs

Investor

Project Description

SouthCoast Marketplace – Construction retail facility and ancillary facilities. – Demolition of abandoned and blighted mall and redevelopment into an open-air retail, dining, and entertainment venue

MAP

Address: 374 William South Canning Boulevard, Fall River, MA 2721

Census Tract: 25005640100

Other Massachusetts Projects

A transformative multi-phase project, initiated in 2007, to redevelop a complex of 19th-century textile mills along the Merrimack River into a thriving mixed-use neighborhood.
NMTC financing supported the construction of The Greater Boston Food Bank
Instead of fading from the Massachusetts economy, EC Pigments USA, Inc. of Fall River used a financing package to keep its business in in Fall River.
The NMTC allocation financed Trinity’s rehabilitation of the historic Brockton Enterprise building, transforming the space into a 51,000-sq. ft. commercial building with retail space on the first floor.