Renovation of Former Hospitals, High School, Foundry Earn Novogradac Awards
Four Historic Rehabilitation Properties Honored; Will Be Highlighted in October Conference
SAN FRANCISCO, July 1, 2021 /PRNewswire-PRWeb/ -- Properties that were once a hospital, high school and foundry all found new life and are winners of the 2021 Novogradac Journal of Tax Credits Historic Rehabilitation Awards.
The awards are for participants who strive for excellence in historic preservation. The 2021 winners are:
- The Tyler in East Haven, Connecticut, as the HTC Residential Development that Best Exemplifies Major Community Impact.
- Milwaukee Soldiers Home in Milwaukee as the HTC Residential Development that Overcame Significant Obstacles.
- The City Foundry STL in St. Louis as the HTC Non-Residential Development that Best Exemplifies Major Community Impact.
- Cook County Hospital in Chicago as the HTC Non-Residential Development that Overcame Significant Obstacles.
"The winners are great examples of how the historic tax credit not only preserves important properties, but creates jobs and make an impact on people's lives," said Michael J. Novogradac, managing partner of national accounting and consulting enterprise Novogradac. "These properties now are homes, gathering places and catalytic areas that encourage additional development. We're pleased to commend the developers of these impressive properties."
The Tyler, developed by WinnDevelopment is a redevelopment of the former East Haven High School building into a 70-unit mixed-income community for seniors, one of the first adaptive reuse properties in the nation designed to adhere to the Passive House Institute's EnerPHit program standards with applicable historic exclusions. The development team retained the original millwork, original lockers, display cases with local artifacts and a brick façade.
Milwaukee Soldiers Home, developed by the Alexander Company, includes the restoration and rehabilitation of six vacant buildings–all national historic landmarks–on the grounds of the Clement J. Zablocki VA Medical Center. The building opened in 1867 to help Civil War veterans and now provides 101 units of housing and wraparound services to homeless and at-risk veterans.
City Foundry STL is one of the largest historic redevelopments in St. Louis history. The 300,000-square-foot office, retail and entertainment complex is anchored by a grocery store, movie theater and food hall featuring local chef-driven concepts. The property, 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. Before redevelopment, the site was one of the largest brownfield sites in the St. Louis region.
The adaptive reuse of the old Cook County Hospital by Murphy Development Group and Walsh Construction resulted in a 210-room Hyatt Place/Hyatt House Hotel a Cook County Medical office facility, a museum dedicated to the legacy of the building and a 13-vendor food hall. Built in 1916, the hospital served the city's indigent population for eight decades and now it better supports the surrounding medical community.
The winners will be honored at the Novogradac 2021 Historic Tax Credit Conference, Oct. 7-8 in Chicago.
Additional details about the awards winners and information on how to nominate a development for the next round of awards can be found at http://www.novoco.com/events/awards.
About Novogradac
Novogradac, which has been in business for more than 30 years, has grown to more than 650 employees and partners with offices in more than 25 cities. Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy.
Media Contact
Events Desk, Novogradac, (415) 356-7970, [email protected]
SOURCE Novogradac
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