New Markets Tax Credit Coalition

The Met

Redevelopment of a 113,300 sq. ft. historic, abandoned opera house built in 1908 into a state-of-the-art live entertainment venue, with additional rent-free office space for community nonprofits.

Investment

  • NMTC Amount: $9,000,000
  • Total Project Cost: $47,707,868

IMPACT

  • 74 FTE jobs
  • 80 construction jobs
  • 113,300 sq. ft. of real estate

Investor

Project Description

Redevelopment of a 113,300 sq. ft. historic, abandoned opera house built in 1908 into a state-of-the-art live entertainment venue, with additional rent-free office space for community nonprofits.

MAP

Address: 858 North Broad Street, Philadelphia, PA 19130

Census Tract: 42101013300

Other Pennsylvania Projects

Renovation of a 14,000 sq. ft. women's health care clinic.
BVRS outgrew its previous space and renovated an 87,000 sq. ft. five-story building to suit the needs of the growing organization.

The project involves the $12.2 million renovation and/or expansion of two buildings supporting the work of the Pittsburgh Glass Center (“PGC”), a local nonprofit, public-access education center, art gallery and

The acquisition and adaptive re-use of a 67,000 sq. ft. unimproved warehouse.