Pennsylvania

Flagship City Complex

The Flagship Complex is a collection of six historic buildings located over two city blocks in the heart of downtown Erie, PA, the poorest zip code in the United States with a median income of approximately $10,600 per year.  The Flagship Complex has been renovated as part of a combined three block effort by the Erie Downtown Development Corporation using historic tax credits, Opportunity zone investment and locally raised equity investment totaling more than $100 million to transform and completely reposition the downtown area. The six buildings comprising the Flagship Complex were originally constructed in the mid-19th century.  They have now undergone a complete renovation and have been converted into a large mixed-use development containing 42 units of market rate apartments, 11, 225 square feet of retail space containing a restaurant, 12,295 square feet of office space, 23,035 square foot food hall housing nine different operators, and a 22,418 square foot grocery store in what had previously been a USDA designated food desert. This adaptive reuse will increase the property tax receipts from the renovated buildings by 200%, provide access to healthy foods create job opportunities primarily for woman, minorities, and refugees. All but three of the apartments are now occupied having only become available in January. PROJECT DETAILS LOCATION Erie, Pennsylvania AMENITIES 42 market rate apartments, food hall, grocery store, and market

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Stoehr & Fister Building

Stoehr & Fister Building

Originally opened in 1923 as the home of Stoehr & Fister Furniture Company, the Stoehr & Fister building is a 65-unit residential adaptive reuse project at the gateway to downtown Scranton and the historic courthouse square. Project construction began in December of 2019 with building occupancy in November 2020. This project represents the best practices of preservation and creativity to retain a significant historic resource within the community. The structure has enjoyed a prominent place in the City for almost 100 years. Retaining and restoring the historic facades, introducing windows to the tertiary elevations, and breathing new life into this corner in Scranton has benefitted the community. There are now already more than 50 new residents living and working there. PROJECT DETAILS LOCATION Scranton, PA FEDERAL HISTORIC TAX CREDIT $2,408,707

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