The ReFresh Project

New Markets Tax Credit Coalition

New Orleans,
LA
(2013)

The ReFresh Project

Community, Food Manufacturing, Manufacturing, Mixed-use, Retail, Schools

As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization.

Investment

NMTC Amount: $18,000,000
Total Project Cost: $18,182,279

IMPACT

88 FTE jobs
61 construction jobs

CDEs

Chase, GS New Markets Fund

Investor

Chase

Project Description

As part of an overall neighborhood vision for the Broad Street Commercial Corridor in New Orleans, the ReFresh Project is helping to drive revitalization. A former abandoned building will soon become a new space for businesses to operate, and for community groups and residents to engage and collaborate. Approximately 88 permanent and 61 temporary full time jobs also be created.

Chase originated an $8 million New Markets Tax Credit construction loan to support revitalization efforts for the corridor. Additional financing includes a $1 million loan from the City of New Orleans Fresh Food Retailers Initiative and $900,000 in the form of two loans from the New Orleans Redevelopment Authority.

The building supports Firstline Charter Schools, Broad Community Connections, Whole Foods Market, Liberty’s Kitchen, and Tulane Unviersity.

MAP

Address: 300 North Broad Street, New Orleans, LA 70119

Census Tract: 22071004900

PDF Profile

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