New Markets Tax Credit Coalition

  • Lebanon,
  • PA
  • (2017)

The Shops at Bridges

District: Daniel Meuser (R-PA09)

Monarch Development, LLC, received a $5.5 million NMTC allocation from Community First Fund for the construction of a retail center in downtown Lebanon.

Investment

  • NMTC Amount: $5,500,000
  • Total Project Cost: $5,502,579

IMPACT

  • 25 FTE jobs
  • 38 construction jobs
  • 13,000 sq. ft. of real estate

CDEs

Investor

Project Description

Monarch Development, LLC, received a $5.5 million NMTC allocation from Community First Fund for the construction of a new strip mall in downtown Lebanon. Known as the Partridge Street Redevelopment Project, the shopping center is built on a 3.25 acre tract of land which was purchased from the City of Lebanon and feature several out-parcels, including a national retail store and a restaurant. However, the primary feature of this project is the 13,000 sq. ft. grocery store that anchors the strip mall.

External Profile
External Profile 2

MAP

Address: 130 South Partridge Street, Lebanon, PA 17042

Census Tract: 42075000200

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