Completed Projects
Project Cobalt Partners
The Project:
The Project sought up to $15.8 million New Market Tax Credit allocation, which provided financing for the acquisition and rehabilitation of three office buildings, with over 115,000 SF, on the west side of South 70th Street in West Allis.
The project was part of a larger development to revitalize the S. 70th Street corridor. The larger development moved the existing tenants from the buildings on the east side of the street to the west side properties, demolished the east side buildings, completed site work and developed a hotel pad and over 325,000 square feet development.
Total Project Costs $0
FIRE NMTC Allocation $15,800,000
NMTC Investor PNC NM Invest. Prtnr
Closing Date March 2019
Distress Criteria
Community Impacts
Jobs:
The project created or retained over 315 permanent jobs, with 136 of those permanent jobs being LIP accessible and 49 construction jobs.
FIRE welcomes requests for NMTC’s throughout the year as we work to maintain an active pipeline of viable and potential projects throughout the region.