New Markets Tax Credit Coalition

Search

Springdale General Social Innovation Center

Redevelopment of a brownfield into a 165,000 sq. ft. campus of creative office and retail space

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $8,000,000

IMPACT

  • 225 FTE jobs
  • 300 construction jobs
  • 165,000 sq. ft. of real estate

Investor

Project Description

Office and Retail space for nonprofits, social services, and commercial businesses – Details: Redevelopment of a brownfield into a 165,000 sq. ft. campus of creative office and retail space

MAP

Address: 1023 Springdale Road, Austin, TX 78704

Census Tract: 48453002111

Other Texas Projects

Solugen, through its Nobel prize winning team of scientists, has developed a proprietary process to produce high performing, cost competitive carbon-negative specialty chemicals. Solugen uses bio-based feedstock, primarily corn syrup

Renovation of a building to house community and office space for non-profit partners and new construction for a community food center.
Financing for a company that repairs and refurbishes wind turbine gearboxes.
Financing for a FQHC serving low-income families.