Archive for June, 2012
More key steps forward for the R Street Art Lofts are falling into place !!!
116 living units (from studio mezzanine lofts to 3 bedroom 2 bath apartments) street front retail, art studios! Over 200,000 sq ft urban infill with both historic adaptive reuse and new construction!
- The State Historic Preservation Office recommends approval of National Register listing of the Historic six story warehouse ! This is a key step forward in the historic tax credit approval process – thanks to our historic consultant Paula Boghosian and SHPO for the quick step time!
- The State Tax Credit Allocation Committee has listed the project in the Funding Queue for Affordable Housing Tax Credits! A stellar performance by CFY’s Cyrus and Ali Youssefi working with attorney Pat Sabelhaus and the team!
Within weeks we expect the next major piece to this puzzle should be falling into place with issuance of the Housing Tax Credits! In the meantime, we are continuing our full court press forward on this adventure.
Recent research has found that the greenest building is an Existing Building – probably historic – saved, and retrofitted for energy efficiency. Using what we have is smarter and more sustainable than tearing down and building new. No surprise there – but surprised to see it the subject of an article in Building Magazine!
Curious? www.ez0.com. 18.5 acres, abuts Lake Spaulding campground and boat launch. 3 miles off I80 at 5200 ft elevation. Year round access, creek, rustic historic cabin, power and phone. On the historic Emigrant Trail. Merchantable Timber estimated at 400,000 board feet.
More renderings here:
We had a great turn out for the open house presentation of the R Street Art Loft project. Mike did the obligatory arm waving, never once losing his hat! Funding is inching ahead; the green light should be just a few weeks away.
Our studio as seen through the eyes of my friend, photographer Rich Baum.