IN THE NEWS
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HISTORIC BABCOCK BUILDING IN COLUMBIA TO BE REBUILT AFTER FIRE
The Babcock Building, a Foss South Carolina Fund project, will be rebuilt following a recent fire. The historic building will be renovated into 208 one-, two- and three-bedroom apartments on the Columbia skyline.
NMTCS, HTCS HELP ONGOING TRANSFORMATION OF HISTORIC SOUTH CAROLINA TEXTILE MILL
A former textile mill in Greenville, S.C., is being transformed into an 800,000-square-foot multiuse campus in a multiphase development financed with new markets tax credit (NMTC) and historic tax credit (HTC) equity.
GREY MILL APARTMENTS NC
A massive redevelopment project at a high-profile site in St. Louis’ Midtown area is on track to open in 2020.
Foss & Co acted as the investor for the project’s $20 million of Federal Historic Tax Credits, $24 million of MO State Historic Tax Credits, and provided a $29 million bridge loan.
First Look: Inside Optimist Hall, a game-changing new food hall opening Thursday, Aug. 1
Optimist Hall, a transformative mixed-use development just outside Uptown in the Optimist Park neighborhood, will officially open on Thursday, August 1.
Duke Energy shows off its new, tech-inspired office at Optimist Hall
Duke developed a space that flattens the organization, creates spaces for thinking, for collaborating and for cross-pollinating ideas.
FOSS & COMPANY WAS A PROUD SPONSOR OF NOVOGRADAC’S ANNUAL CONFERENCE
Foss & Company was a proud sponsor of Novogradac’s annual historic tax credit conference, which was held in Nashville, TN on September 26-28.
SOLAR INDUSTRY VETERAN ALEX TILLER TO LAUNCH RENEWABLE ENERGY TAX EQUITY FUND
Foss & Company is pleased to announce that Solar industry veteran Alex Tiller has joined the firm as Managing Director to launch a new tax equity investment fund and syndication platform focused on renewable energy projects throughout the US.
HISTORIC BAILEY POWER PLANT OPENS IN THE INNOVATION QUARTER
The opening of the Bailey Power Plant, a 111,479 square foot historic building redeveloped into innovation, office, entertainment, retail, and congregation space, located in downtown Winston-Salem, was announced today.
HOW DOES THE TAX REFORM BILL AFFECT THE VALUE OF THE HTC?
The 10 percent non-historic tax credit is history under the recently passed tax reform act, but perhaps more significant to those in the historic preservation world, the 20 percent historic tax credit (HTC) was retained and altered.
GIBBS: TAX CREDITS HELPING TO REBUILD DOWNTOWN CANTON
U.S. Rep. Bob Gibbs, R-Lakeville, spent two hours walking through the Historic Onesto Hotel and Event Center, the adjoining Bliss Lofts, and the former Hercules Engine Company site. Developer Steve Coon gave the congressman a tour of his downtown apartment.
TWO NEW HOTELS OPENING IN FORMER OFFICE TOWER ON MAIN STREET. – FOSS VIRGINIA 2015 FUND
Neil Amin is making his mark on the downtown Richmond hotel scene this week.
His Shamin Hotels, the region’s largest hotel operator, is opening two hotels in a 19-story former office tower at 700 E. Main St. that will soon include a rooftop bar/restaurant and fitness center.
THE FOSS N.C. MILL CREDIT FUND/CHATHAM MILL
The Foss N.C. Mill Credit Fund is acting as the mill credit investor and bridge lender on the redevelopment of the Chatham Mill. The project entails the conversion of a 250,000 square foot former mill into 166 units of workforce housing.
GOODYEAR HALL PROJECT – FOSS OHIO 2015 FUND
The Foss Ohio 2015 Fund is acting as the state credit investor in Akron’s East End Development Project. This project plans to rejuvenate the former Goodyear Headquarters and Goodyear Hall on East Market Street. The development will create a livable neighborhood complete with restaurants, shopping, a 1,500 seat theater and luxury apartments.
UPDATE ON WAKE FOREST INNOVATION QUARTER
WINSTON-SALEM, N.C. – WINDOWS TO A NEW WORLD. It’s one of the fastest-growing research parks in the country and the focal point of Winston-Salem’s future. Come along to see why Wake Forest Innovation Quarter is abuzz with ideas, inventions, and hope.
HOTEL LAFAYETTE: BEFORE AND AFTER
News Columnist Donn Esmonde takes a tour of the newly-restored Hotel @ the Lafayette with its developer Rocco Termini. In the last year, the building has been transformed from eyesore to icon.
FOSS & CO. MANAGED OVER $20 MILLION IN SOLAR TAX CREDIT INVESTMENTS IN 2017
Foss and Company is pleased to announce that they closed out the 2017 calendar year having managed over $20 million in solar tax credit investments. The investments were made into seven unique projects that were all Massachusetts-based and approached 20 megawatts in scale.
TAXEQUITY.COM AIMS TO REINVENT THE WAY SOLAR PROJECTS ARE FUNDED
Foss & Company announces the launch of TaxEquity.com, a web platform designed to optimize the tax equity investment process for renewable energy developers.
FIRST LOOK: INSIDE NATTY GREENE'S KITCHEN + MARKET AT REVOLUTION MIL
Kayne Fisher has coined a signature description for Natty Greene’s Kitchen + Market, which he hopes to open in the third week of July at Revolution Mill in Greensboro.
HISTORIC DEVELOPMENT THAT BEST EXEMPLIFIES MAJOR COMMUNITY IMPACT
The 2015 Historic Development that Best Exemplifies Major Community Impact Award is presented to Geis Companies for its development of The 9, a mixed-use development providing luxury apartments, retail, theater, dining, grocery and hotel space in downtown Cleveland, Ohio.
WITH FAITH OF INVESTORS, DOWNTOWN TULSA REAWAKENS
… Energized by a rejuvenated oil and gas industry, along with a one-cent sales tax increase in 2003 and a downtown property assessment a few years later, investors have injected about $930 million into the central business district over nearly 10 years, according to the Tulsa Regional Chamber.
RISE OF THE 9 – FOSS OHIO 2014 FUND
VIDEO ANNOUNCING FOSS & COMPANY’S WAKE FOREST INNOVATION QUARTER
WINSTON-SALEM, N.C. – In all the talk about urban redevelopment in the Piedmont Triad, nothing stands out quite like what’s happening in downtown Winston-Salem. It goes back about 15 years ago when the Wake Forest Baptist Medical Center began developing an area of east downtown which it called the “Piedmont Triad Research Park.”
TOBACCO FACTORY REBORN AS BIOTECH CENTER
Everyone involved with Wake Forest Biotech Place hopes that one day projects in Winston-Salem, N.C.’s Piedmont Triad Research Park (PTRP) will no longer qualify for new markets tax credit (NMTC) financing. The goal is that Wake Forest Baptist Medical Center’s new biotechnology research and innovation center will stimulate more investment in science and technology enterprises and supporting businesses, and that with enough investment, the area will no longer qualify as economically distressed.
HISTORY IN THE REMAKING GASTONIA MILL KNOWN FOR BLOODY LABOR STRIKE REBORN AS APARTMENT
The site of a bloody and controversial 1929 labor strike in Gaston County is set to start a second life, as developers revitalize an abandoned mill in west Gastonia.
WEXFORD, PTRP AGREE TO DOWNTOWN PROJECT
A downtown economic-development project that has been planned for three years — and hoped for over the course of more than 16 years — is finally moving forward. Officials with the Piedmont Triad Research Park said they have reached an agreement with Wexford Science and Technology LLC of Baltimore on an $87 million project for the North District. A formal announcement, which will involve Gov. Bev Perdue, is set for 11 a.m. today.