Historic Rehabilitation Worcester, MA
A 95-year-old six-story office building in the second largest city in Massachusetts is being converted into commercial space on the lower two levels, with residential units throughout the remainder of the building. The 20,000 square feet has a steel structure with cement floors, elevator, and lime stone facade. Finishes [...]
Low-Income Housing Western, MA
Creative financial planning breathes fresh life into historic districts in two Massachusetts towns. Several abandoned buildings located within historic districts in Millers Falls and Turners Falls were preserved by the projects, undertaken by Pioneer Valley Redevelopers and Obear Construction Company. In all, 12 affordable housing units were created, along with [...]
Brownfields Remediation Massachusetts
PIER 4 located at 300 Pier 4 Blvd, Boston, MA 02210. Developer: Tishman Speyer. Working in an older city such as Boston creates complex challenges for the developer which took advantage of the Commonwealth of Massachusetts’ brownfields tax credit program to make this office building a reality. (Photo credit: [...]
Historic Rehabilitation, NYC
Seven historic renovation projects were undertaken by a private investment fund created and managed by Cherrytree for a client in North Carolina. Cherrytree used tax credit and depreciation strategies to obtain $12 million in savings. Read The Case Study
Historic Rehabilitation Plymouth, MA
Over $750,000 in federal tax credits and $500,000 in state credits were secured for this conversion of a 100-year-old community post office into retail spaces, luxury apartments, as well as continuing as a U.S. Post Office in one part of the building. The project was named by the state [...]
Affordable Housing Shelbyville, Indiana
Historic and Low-Income tax credits totaling $2.4 million were syndicated by Cherrytree. Hampton Financial Partners — a Cherrytree affiliate — also provided $900,000 in pre-development funding, allowing the project to advance prior to the availability of tax credit equity and construction financing. The project involves the renovation of a [...]