PROJECT PORTFOLIO
LEVEQUE TOWER
COLUMBUS, OH
Developers: Lawyers Development Corporation,
Kaufman Development, CASTO
Ohio Historic Preservation Tax Credit: $5,000,000
LeVeque Tower first opened in 1927 and for nearly 90 years it has been Columbus’ iconic landmark. After four year rehabilitation, the tower has been restored to prominence. In order to maximize the building’s unique floorplan it has been divided into three different condominiums that now contain a Marriott Autograph Collection hotel, 150,000 sf of class A office space, and 80 luxury apartments. It is a featured project of the Foss OH 2016 Fund and total development costs were in excess of $50 million.
MERCANTILE COMMERCE BUILDING
DALLAS, TX
Developers: NewcrestImage
Federal Historic Tax credit: $8,677,000
Texas Historic Preservation Tax Credit: $10,847,000
The Mercantile Commerce Building is located at 1712 Commerce Street in Dallas and is part of the Foss Texas 2015 Fund. As part of the historic rehabilitation, the former office tower was converted into a 244 room Residence Inn and a 244 room AC Hotel by Marriot. Both hotels are owned and managed by NewcrestImage. The project includes 6,000 square feet of retail space on the ground floor and the hotel lobby and front desk are on the 22nd floor, overlooking the Dallas Skyline. The rehabilitation began in May 2015 and was completed in October 2017. Total development costs were $58,402,276.

Foss & Company is a national investment management firm founded in 1983. We have managed and deployed over $5 Billion in Tax Equity on behalf of our institutional investor clients. Our firm led some of the earliest tax equity investments in solar (SEGS) in the early 80’s and has managed over $500 million to date in renewable and alternative energy investments.
THE 9
CLEVELAND, OH
Developer: GEIS Development
Federal Historic Rehabilitation Tax Credits: $28,368,591
Ohio State Historic Rehabilitation Tax Credits: $31,000,000
The 9 is the featured project of Foss Ohio 2014 Fund I, LLC and it is the largest project completed in the history of the Ohio Historic Tax Credit program. The complex consists of three historic structures spanning two city blocks at the intersections of East 9th Street, Euclid Avenue, and Prospect Avenue in the heart of downtown Cleveland, Ohio. The site consists of (1) the Cleveland Trust Tower, a 29 story, 400,000SF office high-rise; (2) the Cleveland Trust Rotunda, a stunning 38,000SF historic structure built in 1905 for Cleveland Trust with a stained glass dome built above a main floor and two mezzanine levels; and (3) the 1010 Euclid Building, a 14 story, 120,000SF office building built in 1910. Cleveland based development firm the Geis Companies purchased the complex from Cuyahoga County in February 2013 and at the time of the purchase the entire complex was vacant. Upon purchasing the complex, Geis spent $150 million transforming the complex into a 156 room Marriott Autograph Collection Hotel, 204 luxury apartments, 70,000 square feet of retail/commercial space, a 35,000 square foot Heinen’s Fine Foods grocery store, a 10,000 square foot nightclub called Vault, and a 5,000 square foot rooftop bar/sundeck called Azure. In September of 2015, Novogradac and Company awarded The 9 with the Major Community Impact award at its annual Historic Tax Credit Conference.
WAKE FOREST BIOTECH PLACE
WINSTON-SALEM, NC
Developer: Wexford Science and Technology, LLC
Federal Historic Rehabilitation Tax Credits: $18,193,235
State Historic Rehabilitation Tax Credits: $27,289,853
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.
ST. ANTHONY HOTEL
SAN ANTONIO, TX
Developer: BC Lynd Hospitality
Federal Historic Rehabilitation Tax Credits: $11,253,085
Texas Historic Rehabilitation Tax Credits: $14,066,356
Bridge Loan: $16,400,000
CENTRAL NATIONAL BANK BUILDING
RICHMOND, VA
Developer: Norman Jemal
Federal Historic Tax Credits: $10,047,307
State Historic Rehabilitation Tax Credits: $12,559,134
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
LAFAYETTE HOTEL
BUFFALO, NY
Developer: Rocco Termini
Federal Historic Rehabilitation Tax Credits: $11,000,000
State Historic Rehabilitation Tax Credits: $5,000,000
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.
CIGAR FACTORY
CHARLESTON, SC
Developer: WECCO and Weaver Capital Partners
Federal Historic Tax Credits: $7,454,051
State Historic Rehabilitation Tax Credits: $3,727,026
State Textile Rehabilitation Tax Credits: $7,479,504
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.
WAKE FOREST 90′S BUILDINGS
WINSTON-SALEM, NC
Developer: Wexford Science and Technology, LLC
Federal Historic Rehabilitation Tax Credits: $26,113,225
N.C. Mill Rehabilitation Tax Credits: $39,169,837
700 MAIN
RICHMOND, VA
Developer: Shamin Hotels
Federal Historic Tax Credits: $4,962,915
State Historic Rehabilitation Tax Credits: $6,203,644
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.
GOODYEAR HALL
AKRON, OH
Developer: Industrial Realty Group
Federal Historic Tax Credits: $6,150,865
State Historic Rehabilitation Tax Credits: $5,000,000
MAYO HOTEL
TULSA, OK
Developers: John and Tori Snyder
Oklahoma Historic Rehabilitation Credits: $11,000,000
Federal Historic Rehabilitation Credits: $11,000,000
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.
CUSTOM HOUSE
ST. PAUL, MN
Developer: Exeter Group and Nelson Development
Federal Historic Tax Credits: $14,136,437
State Historic Rehabilitation Tax Credits: $14,136,437
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.