15 historic rehabilitation projects are finalists for nh&ra 2012...

Historic Rehabilitation

16 Tax Credit Advisor | October 2012 www.housingonline.com

The award categories and finalists are:

Best Historic Rehabilitation Utilizing Low-Income Housing Tax Credits(Large/Over $15 Million Development Cost)

Blue Plate Artist LoftsNEW ORLEANS, LOUISIANA

JCH Development and HRI Properties renovated this1940s former food processing plant into 72 affordableand market-rate loft apartments in a $25.6 million trans-action utilizing federal and state historic tax credits, fed-eral low-income housing tax credits, tax-exempt financ-ing, and other sources. Named after the famous BlueWillow china plate pattern, the low-rise building onceserved as a food processing facility for Blue PlateSandwich Spread, salad dressing, and Luzianne tea. Thebuilding is one of the few examples of Art Modernearchitecture in New Orleans, and features tracks alongthe corridors that display the art of residents.Architect: HCI Architecture, Inc.

The conversion of a former food processing factoryto loft apartments in New Orleans, the adaptivereuse of a former elementary school to affordable

rental housing in Kentucky, and the restoration of an his-toric African-American theater in Washington, D.C. areamong the 15 finalists for the 2012 J. Timothy Anderson“Timmy” Awards for Excellence in Historic Rehabilitation.

Started and administered by the National Housing &Rehabilitation Association (NH&RA), the Timmy Awardshonor outstanding projects that involve the renovationof older historic buildings, including using federal his-toric rehabilitation tax credits. The awards honor the lateBoston architect and preservation advocate J. TimothyAnderson, a leader in the historic preservation field.

Judges selected the finalists from 36 total entries.The 2012 competition is co-sponsored by the NationalTrust Community Investment Corporation, a subsidiaryof the National Trust for Historic Preservation. One win-ner in each of 10 categories, including two Judges’Awards, will be announced and recognized on October30 during NH&RA’s 2012 Fall Developers Forum inBoston, Mass. Timmy Awards, continued on page 17

15 Historic Rehabilitation ProjectsAre Finalists for NH&RA 2012 ‘Timmy’ Awards

Blue Plate Artist Lofts, New Orleans, LouisianaPhoto by: Jeff Johnston Photography


www.housingonline.com October 2012 | Tax Credit Advisor 17

installed on the roof. The development also received tax abatement because it is in an urban redevelopmentdistrict. The building was originally constructed as TheChatham Hotel, a classic example of 1920s apartmenthotel construction located on the Broadway Corridor inthe residential Old Hyde Park Historic District. Architect: Rosemann & Associates, P.C.

Poehler LoftsLAWRENCE, KANSAS

Landmark Investment Group renovated this four-storyformer commercial building and warehouse into 49apartments, including 42 units restricted to householdsearning no more than 40% to 60% of the area medianincome, six market-rate units, and one homeless unit.The $9.1 million project was financed by federal andstate historic tax credits, federal housing and solar taxcredits, and other sources. Located in an historic indus-trial district, the Poehler Mercantile Company WholesaleGrocery Building was constructed in 1904 as a ware-house and distribution center for Theodore Poehler andCompany’s wholesale grocery. Architect: Rosemann & Associates, P.C.

Best Historic Rehabilitation Utilizing Low-Income Housing Tax Credits(Small/Less Than $5 Million Development Cost)

Thomas Edison ApartmentsCOVINGTON, KENTUCKY

Developer AU Associates, Inc., of Lexington, Ky., creat-ed 26 affordable apartments from the rehabilitation of

Timmy Awards, continued on page 18

Oliver LoftsBOSTON, MASSACHUSETTS

Utilizing nine different sources of permanent financing,including federal and state historic and housing taxcredits, this $24.8 million LEED Platinum-certified proj-ect by WinnDevelopment LLC involved the adaptivereuse of two historic interconnected mill buildings into62 affordable and market-rate apartments, includingthree artist live-work loft units for individuals earning100% or less of the area median income. The stately redbrick “Pickle” building was constructed in 1892 as a bottling and storage building for the Highland SpringBrewery and was later associated with the R and S Picklefactory. The five-story “Ditson” building, constructed in1912 as a second bottling and storage building, wassold in 1925 to the Oliver Ditson Company, one ofBoston’s oldest and largest music publishers. Architect: The Architectural Team, Inc.

Best Historic Rehabilitation Utilizing Low-Income Housing Tax Credits(Medium/$5-15 Million Development Cost)

Chatham Senior ApartmentsKANSAS CITY, MISSOURI

Local developer Landmark Investment Group rehabili-tated an historic former hotel building into 40 afford-able apartments for seniors in this $9.5 million project.The project utilized numerous funding sources, includ-ing federal and state historic and housing tax creditsand federal solar tax credits – 99 solar panels are

Timmy Awards , continued from page 16

Oliver Lofts, Boston, Massachusetts

Chatham Senior Apartments, Kansas City, Missouri

Photo by And

y Ryan

Photo by Gab

e Vo

gl, AIA of R

oseman

n & Associates, P.C. (Architects)



ation of the foundation that undertook the project. HillCenter offers after-school programs for children, adulteducation classes, and space for offices, meetings, con-ferences, workshops, and other events. The carriagehouse is slated to become a restaurant.Architect: Bell Architects

Best Historic Rehabilitation Involving New Construction

Bijou SquareBRIDGEPORT, CONNECTICUT

This $29.6 million, two-phase project by the localKuchma Corporation involved the historic rehabilitationof two existing buildings and the construction of a thirdnew building as a vibrant mixed-use development. Oneof the structures renovated was the Bijou Theatre build-ing, which opened in 1910 as a 540-seat silent moviehouse on the first floor and a ballroom and dance studioon the second and third floors. The second structure,the Jennings building, was constructed in 1911 as anautomobile sales and service center. The renovatedbuildings now contain a 202-seat theater for movies, liveperformances, and hosted events; restaurants; an archi-tectural studio; and offices. The new, five-story building,called 323 Fairfield, has 84 apartments and first floorretail space. Architect: Antinozzi Associates


this vacant former elementary school that was decom-missioned in 2009 due to shrinking inner city popula-tions and the movement of students to newer, betterequipped schools. The $4.8 million project utilized fed-eral and state historic tax credits and federal housingtax credits, trust fund monies, and a city loan capitalizedby federal Community Development Block Grant dol-lars. The restored Art Deco style building was originallyconstructed in 1939 under the federal Works ProgressAdministration’s new school initiative.Architect: PCA Architecture, PLC

Best Commercial/Retail/Non-ResidentialProject

Old Naval HospitalWASHINGTON, D.C.

This $11 million project by The Old Naval HospitalFoundation, funded by federal historic tax credits andother resources, involved the historic rehabilitation andadaptive reuse of a former federal naval hospital build-ing and carriage house constructed during 1864-1866into a community center called the Hill Center.Originally a 50-bed permanent hospital for seamenserving on the Potomac River and its tributaries, theproperty was later used for a variety of purposes. Themain building was vacated in 1998. In 2000, a smallgroup of concerned neighbors began an effort to try tosee the facility restored, which eventually led to the cre-


Thomas Edison Apartments, Covington, Kentucky

Old Naval Hospital, Washington, D.C.

Photo by MacRostie H

istoric

Adviso

rs, L

LC

Photo by AU Associates, Inc

.



Best HistoricRehabilitation Utilizing New Markets Tax Credits

Mayo 420 BuildingTULSA, OKLAHOMA

Oklahoma City-based WigginProperties, LLC redeveloped thisvacant, dilapidated 10-story officebuilding into a mixed-use facility ina $34.5 million project funded byfederal new markets tax credits,federal and state historic tax cred-its, a HUD Section 223(f) mortgage,a soft loan from the city, and othersources. The facility includes 67apartments on eight floors, a YMCA, a restaurant, and a community room and rooftop terrace. The buildingwas constructed in 1910 during Tulsa’s oil boom as afive-story structure by the Mayo brothers, who added a five-story wing in 1914 and five more floors in 1917.The Mayo Furniture Store relocated in 1921, making way for retail tenants; oil companies occupied much ofthe office space above. In 1978, the Mayo family soldthe property, and the building was closed and vacatedin 1994.Architect: Kinslow, Keith & Todd, Inc.



Howard TheatreWASHINGTON, D.C.

Built in 1910 as a performing arts venue for the localAfrican-African community, the Howard Theatre hostedperformances for 70 years by many famous African-American musicians, including Duke Ellington, EllaFitzgerald, Marvin Gaye, and James Brown. But the 1968riots that damaged the neighborhood led to the theater’sultimate closing in 1980 and the building subsequentlysuffered from extensive deterioration. In 2000, the theaterwas designated by former President Bill Clinton as anAmerican Treasure under the “Save America’s Treasures”program, and in 2007 the Ellis Development Group, aD.C.-based real estate developer, won a city contract torestore the theater. The restored theater reopened inApril 2012. Funding sources for the $29 million projectincluded federal historic and new markets tax credits,tax increment financing, and four grants.Architects: Martinez + Johnson Architecture, MarshallMoya Design

Most Innovative Adaptive Reuse

Martinsville LoftsMARTINSVILLE, VIRGINIA

Four companies joined to develop this $9.5 million proj-ect, which featured the historic rehabilitation and adap-

Bijou Square, Bridgeport, Connecticut

Mayo 420 Building, Tulsa, Oklahoma

Photo by Bob Abbate Marke

ting


www.housingonline.com October 2012 | Tax Credit Advisor 21

EarthCraft-certified multifamily community containing 22 affordable loft and garden-style apartments. The $4.2 million project utilized federal and state historic taxcredits, a grant from the city, and permanent debt.Constructed in 1925, Beckstoffer’s Mill was a customwoodwork lumber mill that was operated by three gen-erations of the Beckstoffer family. After the companywas sold the building was vacated, fell into disrepair,and became a blight on the community until acquiredand renovated by Better Housing Coalition.Architects: Urban Design Associates, The LuchairCompany

Achievement in Sustainability (Judges’ Award)

Chatham Senior Apartments (Category Finalist)

Oliver Lofts (Category Finalist)

Poehler Lofts (Category Finalist)

Temple I & Temple II PHILADELPHIA, PENNSYLVANIA

Near Temple University, Temple I and Temple II wereboth developed by Columbus Property Management &Development, Inc., and involved the renovation of twohistoric buildings to provide 98 affordable apartments.


tive reuse of a former furniture factory and ancillarybuildings into 60 affordable apartments. The four companies, all based in Winston Salem, N.C., areArchetypes, LLC; Sari and Company; Scantland, Inc.; and KRP Investments, LLC. The factory building, con-structed in 1929, was illustrative of the past prominentrole of furniture making in this small community in southcentral Virginia. In 1929, the Martinsville NoveltyCorporation factory was one of at least six local furni-ture manufacturers, producing small pieces of furniture(e.g., occasional tables, cabinets) called“novelty pieces.” Funding sourcesincluded federal and state historic taxcredits, federal housing credits, andfederal “exchange” program dollars.Architect: CJMW Architecture

Best Market-Rate or Mixed-Income Residential

Beckstoffer’s Mill Loft ApartmentsRICHMOND, VIRGINIA

Better Housing Coalition, a local nonprofit, undertook the historic rehabilitation and adaptive reuse of aformer lumber mill to create a new


Beckstoffer’s Mill Loft Apartments, Richmond, Virginia

Howard Theatre, Washington, D.C.

Photo by Tim

Cooper

Photo by Drew M

elso

n

Both achieved LEED Gold for Homes certification.Architect: Kramer Marks Architects

Most Advanced Financial Structure (Judges Award)

Mayo 420 Building (Category Finalist)

Central Grammar ApartmentsGLOUCESTER, MASSACHUSETTS

The Community Builders, Inc., of Boston, and GloucesterDevelopment Team, Inc. renovated this historic formerhigh school building into 80 affordable apartments forseniors in a $19.3 million project that used 13 differentfunding sources. Among these were federal and statehistoric tax credits, federal housing tax credits, sellerand tax-exempt financing, and multiple loans.Architect: Davis Square Architects

Minvilla ManorKNOXVILLE, TENNESSEE

This $7.2 million project by Southeastern HousingFoundation involved the rehabilitation of multiple 1913townhome buildings into 57 units of permanent sup-portive housing. The transaction utilized a master tenantlease pass-through structure and many different federal,state, and local funding sources and the projectreceived a 20-year payment in lieu of taxes (PILOT)agreement from the city.Architect/Engineer: Allan Associates Architects, PLLC

The Besse ApartmentsPITTSBURG, KANSAS

This 12-story building, constructed in the 1920s as ahotel, was primarily vacant until Garrison CommunityDevelopment, LLC acquired and renovated it to create46 affordable apartments. Among the funding sourcesfor the $9.2 million project were federal and state his-toric tax credits, federal "exchange" program dollars,and multiple loans and grants.Architect: E+A Architecture




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