Historic industrial buildings remind us of how our communities formed and functioned. They also remind us how those communities and manufacturing needs have changed over the course of a century. The unique characteristics of these large spaces have also inspired great vision for their revitalization. Dominium is adept at identifying the modern value of historic industrial properties. The Millworks Lofts in Minneapolis, Minnesota is an excellent example of such an opportunity.
The TWA Flight Center at JFK International Airport in New York welcomed travelers for four decades, but by 2001 the terminal had outgrown its usefulness and its future was thrown into uncertainty. The recent rehabilitation effort led by MCR/MORSE Development brought the fantasy and romance of air travel back to life in the form of the TWA Hotel.
This week’s edition of The Economist magazine has an informative article about urban revitalization in St. Louis. In a city with a turbulent history of racial segregation and housing discrimination, and one The Economist calls “one of the country’s most troubled,” the article describes signs of hope in the form of Millennial in-migration and successful educational efforts in the city’s most challenged neighborhoods. At the heart of these trends the article highlights a public/private innovation district named Cortex Innovation Community being developed—and thriving—in a formerly abandoned industrial area between Washington and St. Louis Universities.
What better day is there to talk about going green in South Boston than St. Patrick’s Day?
Just as the valiant men and women who are honored this week for Veteran’s Day, there are many retired military properties that have been honored through preservation and reuse. MHA has had the privilege of being consultants on a few.
The term preservation means different things to different people. To colleagues in our firm, it can mean historic buildings, tax credits or advocacy. To many of our clients, it relates to keeping affordable apartments affordable at the end of their original financing or subsidy period. Many of these housing subsidy programs, like Section 8, have been around for decades and are managed by HUD.
In Chicago, everyone is invited to be part of the club.
Developed by our client, Baltimore-based Wexford Science and Technology, the $105 million project will create 350 new high-paying jobs in the heart of Winston-Salem.