City Foundry STL Named as Winner of 2021 Novogradac Journal of Tax Credits Historic Rehabilitation Award
The former foundry has earned an award as a HTC Non-Residential Development that Best Exemplifies Major Community Impact
This July, City Foundry STL was named the Historic Tax Credit (HTC) Non-Residential Development that Best Exemplifies Major Community Impact for the 2021 Novogradac Journal of Tax Credits Historic Rehabilitation Awards.
City Foundry STL is one of the largest historic redevelopments in St. Louis, Missouri, history. The 300,000-square-foot office, retail and entertainment complex is anchored by a grocery store, a movie theater and a food hall featuring local chef-driven concepts. The development, designed by Lawrence Group and developed by New + Found, is on the site of the former Century Electric Foundry complex which was built in 1929 and operated as a working foundry until 2007. Prior to redevelopment, the nine-acre site was one of the largest brownfield sites in the St. Louis region.
Foss & Company is proud to have served as both federal and state HTC investor on this project. City Foundry is providing much needed reinvigoration into the Midtown area and will serve as a place in the heart of the city to gather, eat, work and play – a new place to build a community in St. Louis. We would like to thank Novogradac for recognizing this project as an example of excellence in historic preservation that will benefit those on St. Louis and beyond.
City Foundry STL and other winners of the Historic Rehabilitation Awards will be honored at the Novogradac 2021 Historic Tax Credit Conference, October 7-8 in Chicago.
For more information on City Foundry STL and the merchants moving to the complex, visit www.cityfoundrystl.com.