IN THE NEWS
Foss & Company Launches Pioneering Battery Energy Storage Investment Platform
Foss & Company launches pioneering battery energy storage investment platform.
Foss & Company, a leading institutional investment fund sponsor, is proud to introduce its groundbreaking Standalone Battery Storage Investment Division, poised to reshape the energy landscape. This strategic move not only marks a significant milestone in the company’s journey but also reinforces its commitment to sustainable energy solutions and cutting-edge investments.
Read more Foss & Company launches Standalone Battery Storage Investment Division
Leading institutional investment fund sponsor, Foss & Company on Wednesday (September 13) unveiled its Standalone Battery Storage Investment division aimed at supporting investments in sustainable energy solutions.
Acknowledging the significance of battery energy storage system in integrating more renewable energy onto the grid and for stabilizing the grid, the company intends to fuel further investment in environmentally and socially beneficial projects.
Foss & Company has invested more than $200 million in a 300MW / 600MWh standalone battery energy storage project which marks the company's largest investment into a single asset to date.
Read more Tax credit specialist Foss & Company eyes $3 billion energy storage investments by 2028
A dedicated energy storage investment division has been launched by Foss & Company, an investment and investment services firm which specialises in tax credit transactions, with US$3 billion targeted by 2028.
The company announced the launch of its Standalone Battery Storage Investment Division yesterday (13 September). Although it didn’t specify, the company is based in the US and standalone energy storage in the country is now eligible for the investment tax credit (ITC), which before the Inflation Reduction Act only applied to power plants with generation.
Read more Foss & Company Launches Pioneering Battery Energy Storage Investment Platform
Foss & Company, a leading institutional investment fund sponsor, is proud to introduce its groundbreaking Standalone Battery Storage Investment Division, poised to reshape the energy landscape. This strategic move not only marks a significant milestone in the company's journey but also reinforces its commitment to sustainable energy solutions and cutting-edge investments.
Read more Foss & Co partners with Aspen on $60m tax credit
Foss & Company, a leading institutional investment fund sponsor, along with Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced a $60 milliontax equity deployment into 27 solar projects across four states.
Since their partnership began in 2021, Foss & Company and Aspen Power have successfully closed on tax equity funding to receive federal solar investment tax credits (ITCs) for commercial & industrial scale solar projects in New York, New Jersey, Maine, and Georgia.
Read more Aspen Power and Foss & Company Announce $60 Million Tax Equity Partnership
Foss & Company, a leading institutional investment fund sponsor, along with Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced a $60 million tax equity deployment into 27 solar projects across four states.
Since their partnership began in 2021, Foss & Company and Aspen Power have successfully closed on tax equity funding to receive federal solar investment tax credits (ITCs) for commercial & industrial scale solar projects in New York, New Jersey, Maine, and Georgia.
Read more Aspen Power and Foss & Company Announce $60 Million Tax Equity Partnership
Foss & Company, a leading institutional investment fund sponsor, along with Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced a $60 milliontax equity deployment into 27 solar projects across four states.
Read more 2023 Nonresidential Development that Best Exemplifies Major Community Impact
Nonprofit developer Self-Help Ventures Fund put the 145,000 square feet Mill House building—a key part of the 43-acre former Revolution Mill textile campus—back into use as mixed use facility featuring commercial offices for small businesses, retail and restaurant space, and 33 mixed-income apartments. HTC investor Foss & Company committed approximately $6.7 million in state HTC equity, thus expecting to create hundreds of jobs.
Read more New Analysis: Transfer Market Expected to Explode Despite Preference for Tax Equity
While the tax transfer market comes with its downsides and limitation, it is still expected to grow larger than the traditional taxequity market due to the level of expected demand, Andrew Vitelli, Chuck Stanley and Kyle Younker explain in Part II of a series ontransferability.
Read more Renovation of School, Tobacco Factory, County Jail, Trolley Car Rail Yard Earn Novogradac HTC Awards
Mill House, developed by Self-Help Ventures Fund, turned the 45-acre Revolution Mill textile facility into nearly 60,000 square feet of affordable commercial space for nonprofits and small businesses as well as 33 apartments. HTC investor Foss & Company provided $5.8 million in federal HTC equity. The property is expected to create 315 construction jobs and 323 new permanent jobs.
Webinar Recap: New Treasury Guidance on Transferability
Key takeaways from the recent webinar on the Treasury’s newly-released guidance on the transferable tax credits. Our expert panel consisted of tax, legal, and energy experts.
Read more Debunking the Myths About Transferable Tax Credits
As the renewable energy market continues to grow, the popularity of transferable tax credits as a way to fund projects and reduce corporate tax liabilities is on the rise.
Read more Renewable Energy Tax Credit Equity, Transferability Generate ‘Explosion of Growth’
The introduction of the transferability of federal renewable energy tax credits has been one of the hottest issues of 2023 in clean energy finance.
Read more Key Takeaways | State of The Tax Equity Market and Post-IRA Sources of Funding
During the McDermott Will & Emory webinar in the Navigating the New Energy Landscape series, McDermott Partners Carl Fleming and Heather Cooper were joined by guest Bryen Alperin, partner and managing director of Foss & Company. They had a lively discussion on the current state of the tax equity market and post-IRA sources of funding.
Read more Tax Credit Investments The Expert: Paddy O’Brien
Tax Executive’s senior editor, Michael Levin-Epstein, interviewed Foss & Company VP of Investments, Paddy O’Brien, on how tax credit investments play an important role in strategic planning for tax professionals.
Read more New Green Tax Breaks Are Gradually Becoming Clearer
The big winners, and some losers, are starting to emerge as the Biden administration sets rules for its climate-focused tax-break bonanza.
With each decision by the Treasury Department, the future of U.S. clean energy takes shape. The Inflation Reduction Act seeks to cut emissions while creating jobs and building industries. To that end, certain credits are tied to the use of domestically produced equipment.
Read more Pivot Energy raises $203 million for solar projects
Pivot Energy announced the completion of a financing facility worth $203 million to support a portfolio of solar projects across several states.
Read more Pivot Energy secures $200 million for DG solar portfolio
US clean energy provider Pivot Energy has closed $203 million in financing from Silicon Valley Bank and Foss & Company to support a multi-state portfolio of distributed generation solar PV plants.
Silicon Valley Bank’s first loan post-collapse: 100 MW of community solar
Pivot Energy has announced the closing of a ~$203 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB), a division of First Citizens Bank, will lead the debt facilities and Foss & Company will make the initial tax equity investment. The 100-MWDC portfolio comprises 35 community solar and C&I projects planned to reach commercial operation (COD) between Q2 2023 and Q2 2024.
Read more Historic Jacob Riis Bathhouse in the Rockaways getting a new life
Once the crown jewel of Jacob Riis Park in the Rockaways, the bathhouse there has seen better days.
But a project is underway to restore the building from 1932 to its former glory as the centerpiece of a popular beachfront destination for New Yorkers.
Read more Tax Credit Insurance Alone Isn’t Enough to Mitigate Risk in Tax Credit Transfer Transactions
The Inflation Reduction Act of 2022 enabled the sale of energy credits, providing owners of renewable energy projects with a new means of raising capital. Large corporations with significant tax liabilities are the primary buyers of these credits, which are also purchased by banks and 'corporates', who are looking for a simple transaction without having to learn about tax credit project aspects. Tax credit insurance is available to underwrite these transactions, although it is not a one-size-fits-all solution, and buyers must still conduct some diligence and ensure they are transacting with trustworthy sellers.
Read more Tax Credit Insurance Mitigates Risk for Tax Credit Transfers but Due Diligence is Still Necessary
The Inflation Reduction Act of 2022 (IRA) changed almost a century of federal tax law and allowed energy credits to now be sold. This change provides a new means of raising capital for owners of renewable energy projects that lack the tax appetite to use the federal tax credits their projects generate.
Read more How tax credits can be used to capitalize on the Green Transition
Tax policy plays a vital role in a company's ESG strategy, and it will become increasingly important as companies try to mitigate their environmental impact through the use of tax credits and incentives.
Read more Restoration of Historic Jacob Riis Park Bathhouse Receives $48M Financing
CBSK Developers, Brooklyn Bazaar and Aulder Capital closed on $47.5 million in financing for the rehabilitation of the historic bathhouse at Jacob Riis Park in Queens. The large-scale preservation project will restore the 1932 building to its former glory after sitting underutilized for nearly half a century and transform the waterfront into an active hub with new restaurants, a bar, pool, event spaces and 28 hotel rooms.
The project is being financed through a $32.5-million construction loan from Procida and a $15-million historic tax credit equity investment from Foss & Company.
Read more CBSK Developers, Brooklyn Bazaar Close On Financing For $47.5 Million Rehabilitation Of Historic Jacob Riis Park Bathhouse
On Tuesday, March 28, CBSK Developers, Brooklyn Bazaar, and Aulder Capital closed on $47.5 million in financing for the rehabilitation of one of Queens’ most beloved architectural gems – the historic bathhouse at Jacob Riis Park. After sitting underutilized for nearly half a century, the large-scale preservation project will restore the 1932 building to its former glory and transform the waterfront into an active hub with new restaurants, a bar, a pool, event spaces, and 28 hotel rooms. The project is financed through a $32.5 million construction loan from Procida and a $15 million historic tax credit equity investment from Foss & Company.
Read more Summit Ridge Energy receives additional $67M tax equity commitment with Foss & Company
Summit Ridge Energy (SRE) has secured a $67 million tax equity commitment from investment firm Foss & Company. The partnership will fund more than 50 MWdc of community solar projects in Maine and Illinois.
Read more Historic Bathhouse at Jacob Riis Park to Be Restored to Its Former Glory as Large Scale Preservation Project Begins
Foss & Company is providing a $15 million historic tax credit equity investment for the rehabilitation project of the Jacob Riis Park bathhouse in Queens, which will be funded by Procida Funding and Advisors with a $32.5 million construction loan to transform the historic bathhouse into an active hub with new restaurants, a bar, a pool, event spaces, and 28 hotel rooms, while preserving the building's landmarked façade, windows, and turrets.
Read more Developers Close On $47.5M Loan To Renovate The Historic Jacob Riis Park Bathhouse In Rockaway Beach, Queens
A top-down renovation of the historic Jacob Riis Park Bathhouse in Rockaway Beach, Queens will soon begin now that developers have secured more than $47.5 million in construction financing.
Read more Jacob Riis Park Bathhouse Gets $47.5M in Financing for Reboot
The historic Jacob Riis Park bathhouse, on the western end of the Rockaway Peninsula in Queens, received funding to make a $50 million reboot possible.
Read more Summit Ridge raises tax equity for 50 MW Maine and Illinois solar portfolio
The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.
Read more Summit Ridge Energy Nets Tax Equity for Community Solar Projects
Summit Ridge Energy (SRE), a commercial solar company, says it has secured a $67 million tax equity commitment from Foss & Company, an institutional investment fund sponsor.
Read more Renewable Energy Finance: Enel, Birch Creek secure tax equity investments from Nestlé and Foss & Co for solar projects in West Texas
Foss & Company has partnered with Birch Creek for a $130mn tax equity investment in the Beech solar project.
Read more Foss & Company is partnering with Birch Creek Energy on approximately $130 million tax equity
Foss & Company, a leading institutional investment fund sponsor, announced today that it has entered into a tax equity partnership with Birch Creek Energy for an investment of approximately $130 million.
Read more Partners Close Tax Equity Investment for 258 MW Project
Foss & Company, an institutional investment fund sponsor, says it has closed on a tax equity partnership with Birch Creek Energy for approximately $130 million of investment.
Read more Transferability, or selling tax credits, top of mind at SEIA Finance
The US solar market is eagerly awaiting guidance from the IRS on transferability or the sale of tax credits, which was an anticipated topic of discussion at the recent SEIA Finance, Tax and Buyers Seminar. There is uncertainty causing a slowdown in the tax equity market and pushing some project financing commitments initially scheduled for 2023 out to 2024, according to industry experts such as Bryen Alperin, managing director at Foss & Company.
#RFANEC Explores Implementing Inflation Reduction Act
Foss & Company's team was represented at the National Ethanol Conference's panel of experts who discussed how the IRA's energy tax incentives, infrastructure grants, and other provisions will be implemented in the years ahead.
Read more Lehigh Valley airport authority says some of its properties will be evaluated for solar fields
In April 2022, Pivot Energy announced a $190 million financing package to support its projects. The financing round was led by Silicon Valley Bank and Foss & Co., an equity investor.
Read more Foss & Co, Nautilus Solar form tax equity partnership
Investment fund sponsor Foss & Company has closed on the first tranche of tax equity partnership with Nautilus Solar Energy totalling $42 million.
Read more Foss & Company Announces Tax Equity Partnership with Nautilus Solar Energy
Foss & Company closed the first tranche of a tax equity partnership with Nautilus Solar Energy, LLC on behalf of Nautilus US Power Holdco, LLC, representing an investment of around $42 million for over 44 MWdc of projects across three states.
Read more Foss & Company Announces Tax Equity Partnership with Nautilus Solar Energy, LLC
Foss & Company, a prominent institutional investment fund sponsor, has closed the first tranche of tax equity partnership worth approximately $42 million on behalf of its affiliate, Nautilus US Power Holdco, LLC, with Nautilus Solar Energy, LLC, a community solar company, for over 44 MWdc of projects across three states.
Read more Tax Credit Experts Bolster Sustainability through ESG Investments
Foss & Company has dedicated nearly 40 years to tax credit equity management and presented unique business opportunities for institutional investors.
Inflation Reduction Act Shines a Bright Light on Renewable Energy, but Guidance is Needed
The renewable energy industry is excited about the enactment of the Inflation Reduction Act of 2022 (IRA)–and rightfully so. The IRA, signed into law Aug. 16, has substantial implications for the tax credit community, especially renewable energy.
Read more 17 Goals Leading the World for Tomorrow: Vision 2045 presents innovative businesses shaping a better future
2022 marks the 30-year milestone since the UNFCCC was adopted. Against a backdrop of rising urgencies, COP27 which will be held in Egypt in November, will bring out businesses that bear the United Nations’ Sustainable Development Goals in their hearts and grab the world’s attention.
Read more Vision 2045 Summit to be held in parallel with the World Climate Summit in Egypt
Running parallel to the United Nations COP27, the three-day summit, Vision 2045, will take place in Sharm El Sheikh, Egypt from November 7-9, 2022 at the Jaz Mirabel Park Hotel, with the goal of positively impacting the future of our planet through a series of groundbreaking panel discussions in the political, economic and social arenas.
Read more Adding Up CCS Revenue Streams
The dual financial motive behind ethanol’s move into CCS helps explain how and why producers intend to monetize their vital new role in the carbon sequestration movement.
Read more ESG Investing: Where It Is Now; Where It’s Headed; What To Do
The expanding awareness and interest in ESG–environmental, social and governance–investing could lead to a seismic increase in investor demand for community development tax incentives, but we are not there yet.
Read more Foss & Company And Korea Electric Power Corporation Close On Approximately $50 Million Tax Equity Partnership For 60 MWDC Photovoltaic Power Plant – EQ Mag Pro
Foss & Company, a leading institutional investment fund sponsor, announced today that it closed on a tax equity partnership with Korea Electric Power Corporation (KEPCO).
Read more Foss & Company And Korea Electric Power Corporation Close On Approximately $50 Million Tax Equity Partnership For 60 MWDC Photovoltaic Power Plant
The power plant will be located in Mangilao, Guam, and aims to provide ongoing, positive economic benefits to the island.
Read more Breaking It Down: Tax Credit Incentives For Carbon Sequestration
Tax Credit Incentives for Carbon Sequestration: Potentially the Most Impactful U.S. Policy to Battle Climate Change
Read more ESG is a Banking Trend to Watch
2021 was a record year for environmental, social and governance investments, and the trend shows no sign of slowing down this year. ESG-related concerns are also growing for banks and credit unions.
Read more Pivot Energy Closes $190 Million Solar Financing
US solar provider Pivot Energy has closed $190 million of debt and tax equity financing to help build a 90 MW portfolio of distributed generation solar projects in the United States.
Read more Pivot Energy Secures $190M In Funding To Develop US Solar Project Portfolio
US-based Pivot Energy has secured a $190m financing facility to support the development of its multi-state portfolio of distributed generation solar projects. SVB Financial Group subsidiary Silicon Valley Bank will lead the debt facilities while Foss & Company (Foss) has agreed to make the tax equity investment. Pivot Energy’s 90MW portfolio includes 40 solar projects, of which the majority (80%) are community solar projects. The remaining 20% includes commercial and industrial (C&I) power purchase agreements (PPAs).
Read more Pivot Energy Finalizes Financing To Develop 90 MW Solar Portfolio
Pivot Energy has closed a $190 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB) will lead the debt facilities, and Foss & Co. will make the tax equity investment.
Read more Tax Equity Finance For Portfolio
Summit Ridge Energy said it secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund a roughly 73 MW portfolio of residential and commercial community solar projects across Illinois, Maryland, and Maine.
Read more Revitalization Effort in Historic District Supports Rehabilitation of Old Wooden Mill
Foss & Company helps fund project in the city of Thomasville, North Carolina, as the tax credit purchasers. The mill has been restored and renovated into one- and two-bedroom apartment homes with 27 different layouts, conforming to that of the mill itself.
Read more Summit Ridge Energy And Osaka Gas Reach Solar Milestones In Maine
In partnership with Foss & Company, Summit Ridge Energy announces the completion of the first project in their 200 MW Maine community solar portfolio, a 6.3 MWdc array in Hermon, ME that will serve 850 households and small businesses across the state.
Read more 101 Leading San Francisco Management Consulting Firms And Startups – Boost Your Business
This article showcases our top picks for the best San Francisco based Management Consulting companies. These startups and companies are taking a variety of approaches to innovating the Management Consulting industry, but are all exceptional companies well worth a follow.
Read more List Of Three Renewable Energy Investors From California
Knowing about the large area and optimal conditions, investors in the field of renewable energy greatly appreciate California…in this article three investors in renewable energy projects based in California will be introduced.
Read more City Foundry STL Wins Novogradac 2021 Non-Residential Development That Best Exemplifies Major Community Impact
The $217 million redevelopment of City Foundry STL is one of the largest historic redevelopments in the city’s history. The complex will feature a 700-person event space, a theater, grocery store, office space, retail space, restaurants and bars and a new multistory parking garage. In July of 2021, City Foundry STL won the Novogradac HTC Award for Non-Residential Development that Best Exemplifies Major Community Impact.
Read more Impact Real Estate Podcast With George Barry, President At Foss & Company
On this episode of the Impact Real Estate Podcast, we chat with George Barry, a pioneer of the tax credit market and President at Foss & Company. George takes us back to the 1980s and gives us a necessary lesson of how and why the Tax Reform Act came to be. As a veteran of the space, George also looks into the future and tells us the changes and trends he sees in the tax credit world. It’s the kind of episode we absolutely love here at the Impact Real Estate Podcast.
Read more ‘It’s Really Happening’ – An Exclusive, Behind-The-Scenes Look At The Judson Mill Redevelopment Project
Taking a stroll through Judson Mill, the massive, 35-acre site off Easley Bridge Road that is now under redevelopment, is like touring through Greenville’s past and future at the same time. Foss & Company served as the federal HTC investor, state investor and bridge lender throughout this project.
Read more Carbon Sequestration Tax Credits: Section 45Q
When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and facilities. Tax credits for the capture and long-term, permanent storage of carbon oxides are intended to generate a competitive financial return and have a positive environmental impact.
Read more Wall Street’s Trillion-Dollar ESG Club Comes With Huge Tax Perks
Bank of America Corp. sparked a stir in January—and a little envy—with just a few lines of disclosure in its fourth-quarter earnings report. The lender revealed it had slashed its 2020 corporate tax rate to 5.8% from what would have been 21%, thanks to finance work involving environmental, social and governance projects. That didn’t go unnoticed by Bank of America’s competitors. Executives at one large regional bank saw it, and talked to Bryen Alperin, director of renewable energy for tax specialist Foss & Company.
Read more Summit Ridge Strikes Tax Equity Partnership for 73 MW of Community Solar
US community solar projects specialist Summit Ridge Energy LLC said it has formed a partnership with investment manager Foss & Company Inc to fund residential and commercial solar projects totalling some 73 MW in direct current.
Read more Solar Leader Summit Ridge Energy Announces Tax Equity Partnership With Foss & Company
Summit Ridge Energy announced that it has secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund approximately 73 MWdc portfolio of residential and commercial community solar projects across Illinois, Maryland and Maine.
Read more $42 Million Project Underway To Convert 12-Story Historic Building in Downtown Richmond Into Apartments
Construction is underway to convert a 12-story office building in downtown Richmond into 188 apartments. The $42 million project will entail completely renovating the interior of the building at 629 E. Main St. The project is getting federal historic tax credit equity from PNC Bank and state historic tax credit equity and a bridge loan from Foss & Company.
Read more 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.
Read more 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.
Read more First Look: Inside Optimist Hall
Optimist Hall, a transformative mixed-use development just outside Uptown in the Optimist Park neighborhood, will officially open on Thursday, August 1.
Read more Grey Mill Apartments, North Carolina
Rehabbed Grey Mill Apartments draw high praise at open house in Hendersonville.
Read more A Massive Redevelopment Project in 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.
Read more City Foundry STL
City Foundry STL is the adaptive reuse of the former 15-acre Century Electric Foundry complex in St. Louis. The iconic and historically significant foundry building will be transformed into a dynamic hub of innovation complete with St. Louis’ first true food hall, a curated retail & entertainment experience, and creative offices infused with historic industrial architecture.
Read more 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.
Read more 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.
Read more Reimagine Revolution Mill
Revolution Mill has been reimagined for a new Greensboro. Come discover restaurants, office space, apartments, and events.
Read more 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.
Read more Halle Building Closes Foss Ohio 2018 Fund
The Foss Ohio 2018 Fund is acting as the state credit investor in Cleveland’s Halle Building Renovation. Foss Bridge Credit will also be providing bridge financing.
Read more First Look: Inside Natty Greene’s Kitchen + Market At Revolution Mill
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.
Read more 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.
Read more The Foss N.C. Mill Credit Fund/Chapel Hill
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.
Read more 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.
Read more 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.
Read more 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.
Read more 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.
Read more Increased Development at Wake Forest Innovation Quarter
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.”
Read more 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.
Read more 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.
Read more