WCI Partners

WCI Partners in Harrisburg redeveloped old, dilapidated buildings into vibrant commercial and residential hubs.

Investment

  • NMTC Amount: $1,864,013
  • Total Project Cost: $7,000,000

IMPACT

  • 30 FTE jobs
  • 50 construction jobs
  • 6,500 sq. ft. of real estate

Investor

Project Description

WCI Partners in Harrisburg redevelops old, dilapidated buildings into vibrant commercial and residential hubs. In 2015, WCI Partners found a string of vacant, blighted properties in the 900 block of North Third Street, close to the Capitol and, at one time, a thriving section of the city. With a New Markets Tax Credit allocation from Community First Fund, WCI Partners redeveloped four buildings totaling 40,000 sq. ft. and created 41 apartment units – 8 of which are affordable-rate – and commercial space for three business tenants. One of these tenants is st@rtup, a small business incubator and the first open co-working space in Harrisburg. With 6,500 sq. ft. of flexible space, st@rtup can accommodate 90 members and offers a variety of convenient amenities. This transformation has created a strong connection between the downtown and Midtown areas of the city, and like other WCI Partners projects, stands to have significant economic and social impact far beyond the neighborhood.

MAP

Address: 916 North Third Street, Harrisburg, PA 17102

Census Tract: 42043020300

Other Pennsylvania Projects

Financing for an organization providing support services and shelters for the homeless and people in poverty.
This project involved the rehab of the blighted Bulova building into mixed use facility.
This private high school opened in 2012 through a unique partnership of local educators, businesses, and universities.

Acquisition, renovation and equipping of former industrial building to create new 95,000 sq. ft. youth basketball facility with related services and programs. The facility’s programs are anticipated to serve 6,000