Real Estate

Mangilao Solar

The investment will fund Mangilao Solar, a 60 MWdc photovoltaic power plant with a 32 MWh battery energy storage system located in Mangilao, Guam. Once completed, this solar farm is expected to lower Guam’s dependance on imported ol and significantly lower the cost of power to the people of Guam. The project also assists in Guam’s efforts to reach 100% renewable energy by 2045. PROJECT DETAILS LOCATION Mangilao, Guam AMENITIES 60-MWdc solar farm

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Mississippi Center for Innovation and Technology (MCITy)

Located in Vicksburg, MS along the Mississippi River, the Mississippi Center for Innovation and Technology (MCITy) is a historic rehabilitation of the Mississippi Hardware Building, a 3-story, 51,000 square foot building. Originally constructed in 1936, MCITy now features an entrepreneurial center; a science, technology, engineering, mathematics (STEM) education Center; a workforce development center for STEM support training and internship; and a State technology transfer center. MCITy was conceived to advance the high-tech environment in Mississippi and invigorate an economically stressed area through the training of a home-grown workforce; developing a cadre of high-tech; communicating the requirements of government research organizations; providing ongoing opportunities for technology startups and collisions; and co-locating all of the key elements of high-tech economic development for the under one roof to maximize synergism of thought and action. PROJECT DETAILS LOCATION Vicksburg, Mississippi AMENITIES 51,000 square foot entrepreneurial center, STEM education center, workforce development center

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Capitola Mill

Capitola Mill is a former textile mill located in Marshall, NC, an exurb of Asheville. It sits along the French Broad River and features 18 market-rate loft apartments along with approximately 5,700 square feet of mixed-use commercial space, including 14 office suites/studios. Although this project faced many issues throughout the entire rehabilitation process, Capitola Mill provides Marshall and the surrounding areas a location to live, play and work. This is evident in the fact that the developer wrote 30 tenant leases in 10 days to completely fill the mill’s 18 market rate apartments to 100% capacity shortly after its grand opening.  In 2022, Capitola Mill won the Gertrude S. Carraway Award as a project that has demonstrated a commitment to extraordinary leadership, research, philanthropy, promotion, and/ or significance in preservation. PROJECT DETAILS LOCATION Marshall, NC AMENITIES 18 market rate apartments, 14 offices

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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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TRICO Building

The TRICO Building in Buffalo, New York was built in the 1890s as a large brewery for a German-American neighborhood. The building expanded and became the first manufacturer of windshield wipers in the US, during which time the largest employer in Buffalo. The building sits adjacent to the Buffalo Niagara Medical Center campus, a 120-acre medical center of health care, life sciences research and medical education institutions, and will aim to provide necessary housing for workers on the medical campus and surrounding area. Upon completion of the 511,000 square foot project, the TRICO manufacturing building will feature 242 studio and 1- to 4-bedroom luxury apartment units. Among these units, 10% will be set aside for workforce housing. The building will also include 50,000 square feet of office space and enclosed parking utilizing about 100,000 square feet of space. PROJECT DETAILS LOCATION Buffalo, NY AMENITIES 511,000 square feet of apartments, office and parking space

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Radical Hotel Rooftop

The Radical Hotel

The Radical Hotel is a former five-story warehouse in Asheville, NC. The site was originally constructed in 1923 as a distribution hub for two wholesale grocers, Biltmore Wholehearts and Ebbs Bros and Company. The building has been completely rehabilitated and remodeled to create a home for the new 70-room boutique hotel. In addition to the new rooms, the Radical Hotel will feature a restaurant, a coffee bar and lounge, a rooftop bar and event space, and even a hidden speakeasy on the top floor. James Beard award finalist Jacob Sessoms will oversee all of the food and beverage concepts in the new hotel. Nestled in the heart of Asheville’s eclectic River Arts District, the Radical Hotel will feature the work of many local artists with large scale installations and murals. The Hotel will even retain some of the original graffiti still adorning its walls. The Radical Hotel aims to seamlessly meld with the surrounding River Arts District, which is home to numerous art studios, bars, restaurants, music venues, and breweries. The former industrial site will serve as a space for the unique art and culture of Asheville to flourish and contribute to the vibrant energy of the burgeoning neighborhood. PROJECT DETAILS LOCATION Asheville, NC AMENITIES 70 room boutique hotel, restaurant, coffee bar, rooftop bar, and hidden speakeasy

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Revolution Mill in Greensboro, NC

Revolution Mill

Revolution Mill is the phased redevelopment of a large textile mill in Greensboro, North Carolina. First built in 1898 as a flannel mill, the original Revolution Mill was instrumental to the establishment of Greensboro’s manufacturing economy. In the early twentieth century, Revolution Mill helped to anchor the “Piedmont Triad” industrial hub of Greensboro, Winston-Salem, and High Point North Carolina. However, by 1984 the mill was shut down and left vacant for two decades. Today, Revolution Mill converts the 570,000 square foot former mill into a mixed-use community featuring commercial, residential, and industrial space. The former mill has created 1,260 permanent jobs and now features 250,000 square feet of office space, 111 market rate apartments, 31 affordable apartments, three restaurants that employ 60 people, commercial space reserved for innovators and entrepreneurs, and much more. PROJECT DETAILS LOCATION Greensboro, NC AMENITIES 570,000 square feet of mixed-use commercial, residential, and light industrial space

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Kansas Health Science Center

Kansas Health Science Center

The Kansas Health Science Center has taken over space converted and adaptively re-used from downtown Wichita’s historic Innes Building. Built in 1927, it was first used by the George Innes Dry Goods Company. After the company’s bankruptcy in the mid-1950s, the Innes building was taken over by Macy’s department store. In 2020, construction began to convert the Innes Building into a 280,000 square foot medical education campus, including the Kansas Health Science Center medical school. The new medical campus aims to provide much needed healthcare education throughout the state of Kansas, while offering students a convenient location centrally located in downtown Wichita. PROJECT DETAILS LOCATION Wichita, KS AMENITIES Approximately 280,000sf medical education campus

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City Foundry STL

City Foundry STL

Originally built in 1929 by Century Electric as a foundry, City Foundry STL is a transformative new “live, work, play” community in Midtown St. Louis, Missouri. The $217 million redevelopment of the site is one of the largest historic redevelopments in St. Louis history. Previously located in a food desert, the vibrant City Foundry will feature St. Louis’ first food hall, a beer garden, Alamo Draft House Theater, Punchbowl Social, 18 Rails – a 700-person event space, Fresh Thyme grocery store, 92,295 sf of creative office space, 111,399 sf of state-of-the-art retail space, multiple restaurants and bars, and a new multistory parking garage, resulting in in 800 new permanent jobs. City Foundry celebrates St. Louis’ history while invigorating its current community by creating something brand new within familiar walls. In July of 2021, City Foundry STL won the Novogradac HTC Award for Non-Residential Development that Best Exemplifies Major Community Impact. Foss & Company is proud to have partnered on such an important and impactful project that gives back to those in the community of St Louis. For more information on City Foundry STL, watch this video from St. Louis University. PROJECT DETAILS LOCATION St. Louis, MO FEDERAL HISTORIC TAX CREDIT $20,706,000 STATE HISTORIC REHABILITATION TAX CREDIT $24,100,000  

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Babcock Building

Babcock Building

In September 2020, a three-alarm fire raged inside the Babcock Building, destroying what was a major part of the Columbia, SC, skyline for more than a century. With the help of federal funding and tax credits, the developer, Clachan Properties, has brought back a piece of capital city history. Located right in the middle of the largest development project in Columbia history, the building was built in 1885 and will be transformed into 208 luxury apartments with amenities. PROJECT DETAILS LOCATION Columbia, SC AMENITIES 208 luxury apartments

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theRep

TheRep

The historic National Biscuit Company Building is located in North Albany, NY, in a mixed residential and commercial area of the city. Built in 1888, the 2-story former bakery building will be repositioned as a 307-seat theater equipped with a café and bar area called theRep at Livingstone Square (theRep). Upon completion, theRep will become the new home of The Capital Repertory Theater Company (CapRep) and mark a new era for the theatre and for the community. theRep will produce numerous educational, outreach and job training programs that are a key component of its owners’ mission, all while producing a year-round season of professional theatre. PROJECT DETAILS LOCATION Albany, NY AMENITIES 307-seat theater; theater cafe and bar FEDERAL HISTORIC TAX CREDIT $2,524,504 STATE HISTORIC REHABILITATION TAX CREDIT $2,524,504

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Custom House

Custom House

Custom House is located in St. Paul, Minnesota. Exeter Group and Nelson Development undertook an ambitious renovation of the former US Post Office and Customs House, converting the dilapidated 17-story, 735,000 square foot structure into a mixed use-project consisting of 202 luxury rental apartments, a 149 room Hyatt Place hotel, a 600-unit self-storage facility and 5,000 SF of restaurant space. The building is located in downtown area as it sits one block away from the Mississippi River offering unparalleled views. Total development costs amounted to $83.2 million. PROJECT DETAILS LOCATION St. Paul, MN AMENITIES 202 luxury apartments, 149-room Hyatt Place hotel, 600-unit self-storage facility & 5,000 SF of restaurant space.

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Mayo Hotel

Mayo Hotel

The Mayo Hotel, located in downtown Tulsa, Oklahoma is a 20-story grand hotel that was originally built in 1925. For many years it served as the premier hotel in Tulsa and was once the tallest building in the state. After suffering years of neglect, the hotel was shut down in 1983 and sat vacant until John and Tori Snyder bought the hotel with plans to restore it to prominence. Upon completing the hotel’s restoration in 2009, the Mayo reopened with 107 hotel suites ranging in size from 450 -1300 square feet, 30,000 square feet of ballroom space for weddings and events, two onsite restaurants, and 76 market rate rental apartments. It is once again one of downtown Tulsa’s premier buildings. PROJECT DETAILS LOCATION Tulsa, OK

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May Hosiery Lofts

May Hosiery Lofts

May Hosiery Lofts is the rehabilitation of the former May Hosiery Mills Knitting Mill in downtown Burlington, North Carolina. Burlington was known for its dominance in the hosiery knitting industry in the early 1900’s and the Project is one of the few remaining mills from that time. The building was constructed in 1928 and sits on 1.65 acres of land. The existing building has been renovated into 67 Class A, market-rate apartments, 1,700 square feet of interior amenity space (including a clubhouse and workout facility), a 1,000-square-foot roof deck, and 60 parking spaces. PROJECT DETAILS LOCATION Burlington, NC AMENITIES 67 Class A, market-rate apartments; 1,700sf of interior amenity space; 1,000sf roof deck; 60 parking spaces

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Lafayette Hotel

Lafayette Hotel

The Historic Lafayette Hotel first opened its doors in 1904 and for many years it was the premier hotel in Buffalo, New York. After falling into disrepair in the late 1990’s and early 2000’s, Buffalo developer Rocco Termini bought the building with plans to restore it to its former glory. Construction began in February 2011 and upon completion of construction in May 2012 the project contained Marquis de Lafayette, Mike’s A Steakhouse, Woyshner’s Florist, Butterwood Sweet and Savory, and room2 – a luxury furniture boutique, 120 market rate apartments, a 32-room boutique hotel, and two catering/event businesses. The restoration of this Buffalo landmark has been a huge success as all of the project’s commercial space and all of its apartments were 100% leased upon its grand opening. The total cost of the rehabilitation project was $55,000,000 and the Foss NY Historic Fund acted as the investor for the project’s Federal Historic and New York Historic tax credits. PROJECT DETAILS LOCATION Buffalo, NY

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Optimist Hall

Optimist Hall

Optimist Hall is the completed renovation of the former Highland Park Gingham Mill, located less than a mile from downtown Charlotte, NC. The rehabilitation culminated into approximately 95,000sf of office space and approximately 37,000sf of food hall, restaurant, and retail space. PROJECT DETAILS LOCATION Charlotte, NC AMENITIES 95,000sf of office space; 37,000sf of food hall, restaurant, and retail space

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Bellevue Mill

Bellevue Mill

Bellevue Manufacturing Company Mill Complex is a historic manufacturing mill comprised of three buildings: the Weaving Building, the Cloth Building, and the Mill Building were all constructed between 1905 and 1923. The redevelopment of Bellevue Mill is considered a major benefit to the community because it is adding additional housing, improves the neighborhood appearance, increases tax revenue in the Mill’s jurisdiction, created jobs throughout construction, and increases area growth without needing to expand beyond the urban fringe. PROJECT DETAILS LOCATION Hillsborough, NC AMENITIES 112 market-rate apartments

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Proximity Printworks

Proximity Printworks

Proximity Printworks is a former Cone Finishing Plant, located in Greensboro, North Carolina. The Alexander Company converted the former mill into 143 affordable rental apartments and 74 market rate apartments. There is also 68,000 square feet of commercial storage and 8,000 square feet of retail. Proximity Printworks was admitted to the NC Brownfields program on May 8, 2018. PROJECT DETAILS LOCATION Greensboro, NC AMENITIES 43 affordable rental apartments, 74 market rate apartments, 68,000 SF of commercial storage; 8,000 SF of retail

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Grey Hosiery Mill

Grey Hosiery Mill

The Grey Hosiery Mill was built in 1915 and is the only historic early 20th century industrial building remaining in downtown Hendersonville, North Carolina. The one-story brick building was placed in the National Register of Historic Places in 2000 and will be converted into 28 market-rate apartments and seven workforce rental housing units. On March 1, 2021, the Grey Hosiery Mill project was recognized as a Best Adaptive Reuse Project in the state during the North Carolina Main Street Awards Ceremony. PROJECT DETAILS LOCATION Hendersonville, NC AMENITIES 28 market-rate apartments; 7 workforce rental housing units

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Wake Forest 90’s Buildings

Wake Forest 90’s Buildings

This 473,900 square foot second phase of the Wake Forest Innovation Quarter project has extended Wexford’s vision of rehabilitating this once vacant industrial district into a sustainable, mixed-use, knowledge-based community which residents of Winston-Salem and the Triad area will be able to work, live and play for many years to come. The project’s tenants include the new home for the Wake Forest School of Public Health as well as the new headquarters for Inmar, Inc. This project created 600 new permanent jobs and had a $170 million construction budget. In September of 2014, Novogradac and Company awarded Wake Forest 90’s Buildings with the Major Community Impact award at its annual Historic Tax Credit Conference. PROJECT DETAILS LOCATION Winston-Salem, NC FEDERAL HISTORIC TAX CREDIT $23.2 million STATE HISTORIC REHABILITATION TAX CREDIT $34.8 million

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Wake Forest Biotech Place

Wake Forest Biotech Place

This is the featured project of the Foss N.C. Mill Credit 2011 Fund I. The $105 million renovation and conversion of two former R.J. Reynolds Tobacco warehouses located in Winston-Salem, NC is the first phase of a multiphase development of the newly created Wake Forest Innovation Quarter. The buildings were converted by Baltimore based developer Wexford Science and Technology, LLC into 184,000 square feet of state of the art biotechnology space for Wake Forest University Health Sciences, as well as 40,000 square feet of commercial and retail space. It is one of the largest economic development projects to take place in Winston-Salem during the past 20 years. This project brought over 400 permanent jobs to the community. PROJECT DETAILS LOCATION Winston-Salem, NC DEVELOPER Wexford Science and Technology, LLC  

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Goodyear Hall

Goodyear Hall

Goodyear Hall is the featured project of the Foss Ohio 2015 Fund I, LLC. The building is a six-story, 292,000SF historic structure located at 1201 East Market Street in Akron, Ohio. The building was originally the headquarters complex for Goodyear Tire & Rubber Company. The building was a mixed-use redevelopment that converted the former office building into 106 apartment units. The development also included updates to the 1500 seat theatre and historic gymnasium on the 1st floor as well as build out of former office spaces fronting Market Street to retail space. The former bank building that is attached to Goodyear Hall was converted into a restaurant. Total development costs amounted to $33.9 million. In September of 2016, Novogradac and Company awarded Goodyear Hall with the Major Community Impact award at its annual Historic Tax Credit Conference. PROJECT DETAILS LOCATION Akron, OH FEDERAL HISTORIC TAX CREDIT $6.15 million STATE HISTORIC REHABILITATION TAX CREDIT $5 million

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St. Anthony Hotel

St. Anthony Hotel

The St. Anthony Hotel is the featured project of the Foss Texas 2015 Fund and it was also one of the first project’s to receive a bridge loan from Foss Bridge Credit, LLC. The St. Anthony opened in 1909 and for many years it was the most prominent hotel in San Antonio (the business plan for Southwest Airlines was famously created in the hotel’s bar). After years of deferred maintenance, San Antonio based development firm BC Lynd Hospitality purchased the hotel in 2012 and began a $60 million renovation project to return the hotel to prominence. Construction was completed in May 2015 and the hotel now contains 277 hotel rooms, 30,000 square feet of ballroom space, a high end restaurant, and a rooftop pool. Established in late 2014, the Texas Historic Preservation Tax Credit Program went into effect on January 1, 2015. The St. Anthony Hotel represents the very first project to be issued Texas Historic Tax Credits by the State program. PROJECT DETAILS LOCATION San Antonio, TX

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Cigar Factory

Cigar Factory

The Cigar Factory is the featured project of the Foss South Carolina 2014 Fund I, LLC. Originally constructed as a textile mill in 1882, the building was converted in 1893 by the American Tobacco Co. to produce the popular cigar brand Rio-Tan. The Cigar Factory was converted into 200,000SF of retail and office space as well as 8,000SF of event space. The building which is located at 701 E Bay Street in Charleston, South Carolina, enjoys sweeping views of the harbor, port and city skyline. Total development costs amounted to approximately $63 million. PROJECT DETAILS LOCATION Charleston, SC

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Central National Bank Building

Central National Bank Building

Central National Bank Building is one of the featured projects of the Foss Virginia 2015 Fund I, LLC. The development team converted the historic 23-story building located at 219 East Broad Street in Richmond, Virginia, into 205 market rate rental apartments and 26,000SF of retail and commercial space. The building enjoys a unique location in the heart of the culturally rich Broad Street with panoramic views of both the James River and the Richmond city skyline. Total development costs amounted to $45.3 million PROJECT DETAILS LOCATION Richmond, VA  

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700 Main

700 Main

700 Main is one of the featured projects of the Foss Virginia 2015 Fund I, LLC. The development team converted the 18 story commercial office building at 700 E Main Street in Richmond, Virginia into two mid-level Hilton branded hotels and 18,000SF of ground floor retail space. The hotel includes a full-service upscale restaurant, a rooftop bar and lounge that overlooks the Richmond skyline, meeting space with floor to ceiling glass windows, a fitness center, and an interior parking garage located on the third through seventh floors of the building. Total development costs amounted to $37.8 million. PROJECT DETAILS LOCATION Richmond, VA

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