The Shops at Bridges

New Markets Tax Credit Coalition

Lebanon,
PA
(2017)

The Shops at Bridges

Grocery and Fresh Food, Restaurants and Catering, Retail, Retail and Commercial

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

Community First Fund

Investor

Wells Fargo

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.

MAP

Address: 130 South Partridge Street, Lebanon, PA 17042

Census Tract: 42075000200

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