SUMMER 2011 UPDATE: MACROSTIE HISTORIC ADVISORS

What We're Working On

From our Washington, DC office, we are servicing:

Rehabilitation of the Omni Royal Orleans Hotel in the French Quarter of New Orleans for continued hospitality use, utilizing the Louisiana state historic tax credit;

Reuse of the Mecklenburg Mill and Johnston Mill complex in Charlotte, North Carolina by The Community Builders for 179 units of affordable housing using federal and state tax credits; and

Re-use of the former Sears, Roebuck & Co. warehouse in Atlanta, Georgia, a 2.5 million square foot structure being converted for mixed-use by Jamestown Properties of Atlanta. MHA is assisting the developer obtain federal historic credit certification from the National Park Service.

Our Boston office is providing historic consulting services for:

Reuse of the 1918 Victory Mill near Schuylerville, New York as 98 units of affordable rental housing. The $24 million project by Riverview Realty LLC will use federal and state historic tax credits;

Preservation Mill LLC's conversion of a vacant industrial building within the former Simonds Saw Manufacturing complex in downtown Fitchburg, Massachusetts into student rental housing to serve Fitchburg State University; and

Rehabilitation of the Hayden Building, the only commercial building in Boston designed by renowned architect H. H. Richardson. Historic Boston Inc., which rescued the Hayden Building from demolition in the 1990s, will utilize state and federal historic tax credits to covert the five-story building into four market rate housing units with a ground floor restaurant.

In Chicago we are consulting on:

$50 million rehabilitation of Chicago's Parkway Garden Homes by Parkway Gardens Preservation LP, an affiliate of Related Apartment Preservation LLC, for continued use as affordable housing. Completed in 1955, the 35-building complex is significant as one of the country's largest privately-financed residential developments designed for and spearheaded by African Americans during the post-World War II period. MHA completed the National Register nomination and federal historic preservation certification application for the project;

Reuse of the former Old Dearborn Bank Building at 203 North Wabash Avenue in Chicago for 185 units of market-rate rental housing and ground floor retail by Urban Street Properties, LLC; and

$20 million conversion of the Chittenden & Eastman Building in Saint Paul, Minnesota by Ironton Asset Fund LLC for market rate rental housing utilizing state and federal historic rehabilitation tax credits.