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

26 affordable homes for low and moderate-income families in the East Liberty neighborhood of Pittsburgh.
A $10.3M renovation of the 107-year-old former school.
Acquisition and renovation of a 33,938 sq. ft. building by an MBE developer providing below-market leases to three small MBE tenants in a low-income community.
Redevelopment, expansion, and new construction of an owner-occupied nonprofit office and healthcare space with a community room that is accessible by multiple third-party nonprofits.