BW&A client Emory & Henry College transforms former hospital with use of tax credits

BW&A client Emory & Henry College was recently featured in the Roanoke Times for completing the renovation of the former Smyth County Hospital into the School of Health Sciences.  BW&A worked with E&H to access funding from both State and Federal Historic Tax Credits as well as Federal New Markets Tax Credits.  If you are working with a project that you think could benefit from these programs, don’t hesitate to contact BW&A today.

 

http://www.roanoke.com/news/education/higher_education/emory-henry-transforming-shuttered-smyth-county-hospital-into-medical-college/article_9aad0b77-2fe6-5c92-b818-5c7eb91c317f.html

 

 

BW&A’s Adam Markwood featured speaker at HTC Conference

BW&A’s own Adam Markwood was recently the featured speaker at the latest meeting of the Texas Trost Society, a group dedicated to preserving historic structures in the El Paso region.  Adam discussed how project sponsors in Texas can benefit from both Federal and State Historic Tax Credits, New Markets Tax Credits, and Renewable Energy Tax Credits.  To learn more about how you can benefit from these programs, please contact BW&A today.

 

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Texas Trost Society to Host Tax Credit Session on Downtown Historic Buildings

Property owners, investors and community members are invited to an informational session regarding tax credits and the restoration of buildings in Downtown El Paso.

The session is set for Wednesday, in the ground-level Foundation Room, of the El Paso Community Foundation (333 N. Oregon Street) right next to San Jacinto Plaza from 5:30-6:30pm.

Adam Markwood, of Brian Wishneff & Associates, will review the mechanics of qualifying for, monetizing, and maximizing the economic benefits of federal and state historic tax incentives.

Markwood will outline the application process, necessary legal and financial structuring, and current trends across the state.  Admission to the event is free admission and light refreshments will be provided.

According to officials, federal and state tax credits can pay for up to 45% of the costs of renovating historic buildings in downtown El Paso.

TTS officials say. “Once the County architectural survey and National Register nomination processes are completed (by early 2018), these tax credits will be available for restoring somwhere between 500 and 1,000 buildings throughout downtown, Segundo Barrio, and Chihuahuita.”

They add, “This is an unprecedented business opportunity and has been transformative in downtowns throughout Texas.”

For more information, please contact Malissa Arras of the Texas Trost Society at malissa@texastrost.org

 

Staples Pake Building – Mobile, AL

BW&A recently closed on an investment of Federal and State historic tax credits in Mobile, Alabama at the Staples Pake Building.  Once complete, the project will be home to 23 apartments along with ground floor retail/restaurant space.

If you are pursuing monetization of your tax credits for projects in Alabama or across the country, do not hesitate to contact BW&A today to discuss opportunities.

BW&A closes Peoria, IL HTC Investment

Brian Wishneff & Associates recently closed on a federal historic tax credit investment in Peoria, Illinois: Persimmon Lofts in the downtown Warehouse District. Once complete, this former warehouse will be converted into modern & sleek apartments.

To learn more about BW&A’s investment in historic tax credits, please contact us today.

 

 

Pace on Main opens in Danville’s River District

BW&A’s Erik Wishneff led the charge on the redevelopment of the former Pace Building in Danville’s River District.  For more information about leasing an apartment at this brand new building, please visit www.pacedanville.com

 

http://www.godanriver.com/work_it_sova/news/luxury-apartments-unveiled-in-river-district/article_8ce20514-f7a7-11e5-b20f-7b5bd3d2c336.html

 

 

BW&A featured in latest issue of NACUBO magazine

BW&A VP and General Counsel recently co-authored an article on how colleges and universities can realize the benefit of using various tax credit programs to help finance construction projects on campus.  To read the full text of the article please click below.

http://www.nacubo.org/Business_Officer_Magazine/Magazine_Archives/November_2015/Inviting_Investment.html

If you are a business officer and interested in pursuing tax credits for your project, please don’t hesitate to contact BW&A.

Carter Hall – Lookout Mountain, Georgia

BW&A is pleased to announce that it’s client, Covenant College, recently closed on federal historic tax credit financing for its renovation of Carter Hall in Lookout Mountain, Georgia.  If you are a college or university and exploring the idea of using historic tax credits, please don’t hesitate to contact BW&A.

Miller Theater – Augusta, GA

BW&A is pleased to announce we have been engaged to manage the tax credit process for the redevelopment of the Miller Theater in Augusta, Georgia.  This project includes Federal Historic, Georgia Historic, and New Markets Tax Credits. For more information, visit the projects website https://www.millerllc.org/

Church Street Lofts – Concord, NC

Brian Wishneff & Associates is pleased to announce it has been engaged to syndicate the Federal and North Carolina historic tax credit equity at the renovation of the former Heilig-Meyers Building in Concord, NC.  For more information about how BW&A can benefit your project pursuing similar equity investments, please do not hesitate to contact BW&A.

Geva Theatre – Rochester, NY

BW&A is pleased to announce we have been engaged to provide tax credit consulting services to the Geva Theatre in their renovation of the former New York State Arsenal and Rochester Convention Hall into a dynamic world-class cultural asset that serves people from all over the country, provides exceptional arts and cultural programs, and contributes to the economic vibrancy of the region.

Thomas Jefferson Tower – Birmingham, AL

BW&A is pleased to announce we have closed on our investment in the Alabama historic tax credits generated by the renovation of the Thomas Jefferson Tower in Birmingham, Alabama.

Alabama is one of the most recent states to adopt a state level historic tax credit program.  If you are working with a project in Alabama that you think could qualify for AL HTCs, please do not hesitate to contact a member of BW&A today to see how we can assist in monetizing your Alabama historic tax credits.

East End Village – Tulsa, OK

BW&A is pleased to announce we have closed on our investment in the federal and Oklahoma historic tax credits generated by the East End Village project in Tulsa, Oklahoma.  Tulsa is in the midst of a boom of historic building redevelopment, and we are happy to be a part of this project as well as multiple others in Tulsa.

People’s Trust – Deerfield Beach, FL

BW&A, in conjunction with Lower Brule Community Development Enterprise (LBCDE), is pleased to announce we have closed on $6.4 million in State of Florida New Markets Development Program allocation.  These QLICIs will help People’s Trust continue their rapid business growth in the Deerfield Beach community.

If your project is seeking a Florida or Federal new markets tax credit allocation, please do not hesitate to contact BW&A.

The Ashley – Detroit, MI

BW&A was pleased to close Friday on a historic tax credit investment in The Ashley, a mixed-use projectin Detroit, Michigan.  Upon completion, this former hotel will be home to 66 units of market rate housing and 2 retail spaces.  Congratulations to the Town Partners on this project and their investment in the revitalization of Downtown Detroit.

The Ashley – Detroit, MI

BW&A is pleased to announce we have closed on our investment in the federal historic tax credits generated by the renovation of The Ashley in Detroit, Michigan.  This $7.3 million project is another example of Detroit’s thriving downtown central business district.

Ponce de Leon – Roanoke, VA

BW&A is pleased to announce we have closed on the investment in the Federal and Virginia historic tax credits generated by the renovation of the Ponce de Leon Building in Roanoke, Virginia.

Please check out their website if you are interested in more information about the building or leasing an available unit.  http://www.ponceroanoke.com/

If your project is seeking a Federal or Virginia historic tax credit investor, please do not hesitate to contact BW&A today.

Dillon House – Topeka, KS

BW&A has been engaged to syndicate the historic tax credits generated by the renovation of the Dillon House in Topeka, Kansas. Upon completion, this historic structure will be home to the headquarters of a real estate development company as well as offer event space to the citizens of Topeka.

Seaboard Bag Company Complex – Richmond, VA

BW&A is pleased to announce we have closed on our investment in the Federal and Virginia historic tax credits generated by the renovation of the old Seaboard Bag Company factory complex in Richmond, Virginia.

If your project is seeking a Federal or Virginia historic tax credit investor, please do not hesitate to contact BW&A today.

Old Main Building – Topton, PA

 

Diakon Lutheran Social Ministries has a satellite campus in Topton, Pennsylvania, which includes the Old Main Building. DLSM is renovating this facility to house some of its senior administration, a large event space rental, and several other smaller tenants including a bank, museum and a doctor’s office.  BW&A is managing both the federal and state historic tax credits that are going to be generated by this project.

 

YWCA – Helena, MT

BW&A has been engaged to manage the historic tax credit process for the YWCA of Helena’s renovation. The YWCA of Helena is renovating their historic building for continued use as a YWCA. When completed, the building will include transitional housing, community/event space for rent, and administrative offices for the YWCA.

Liberty Theatre – La Grande, OR

The Liberty Theatre Foundation is renovating the former Orpheum Theatre in La Grande, Oregon to bring back its original use as a performing arts and film center.  BW&A has been engaged to manage the  tax credit process on behalf of the Foundation.  To learn more about this project, please visit their website here.

Bohm Theatre

Brian Wishneff & Associates is pleased to announce it has been engaged by the Friends of the Bohm Theatre in Albion, MI to manage the tax credit process for its renovation project.  For more information on this project, please visit their website

Tampa JCC – Armory Renovation – Tampa, FL

Brian Wishneff & Associates was recently engaged by the Tampa JCC/Federation, Inc. to manage the tax credit process for its rehabilitation of a former armory in Tampa, Florida.  The project will include a community center containing event space, a fitness and wellness center, preschool, pool, gym and meeting space.  It will also offer health screenings and programs.  For more information on the project, please visit the Tampa JCC website here.

Maryland-National Capital Park and Planning Commission

Brian Wishneff & Associates is pleased not announced that it has been engaged by the Maryland-National Capital Park and Planning Commission to provide an analysis and recommendation related to a number of historic properties within the Commission territory.  This analysis will provide analysis both on financial incentive and tax credit opportunities as well as potential future uses for the buildings.

Doug Chittum Joins BW&A

Brian Wishneff & Associates is pleased to announce that Doug Chittum has joined the firm as Director of Development.  Doug comes to BW&A after most recently serving as the Director of Economic Development for the County of Roanoke, Virginia for the past 11 years.  Doug will work out of the Roanoke office and can be reached at either 540-982-1317 or doug@wishneff.com.

Society for College and University Planning – Campus Heritage Symposium

Brian Wishneff will be presenting at the Society for College and University Planning’s Campus Heritage Symposium on November 4, 2011 in Washington, DC regarding the ability for higher education institutions to take advantage of historic tax credits in their renovation projects. For more information on this conference, please see their website:http://www.scup.org/page/campus_heritage_symposium

Simon Theater – Brenham, TX

Brian Wishneff & Associates has been engaged by Brenham Main Street Historical Preservation, Inc. to manage the tax credit process for the renovation of the historic Simon Theatre in Brenham, TX.  Following renovation, the theatre will become a multi-use performing arts and conference facility.

Summer Intern

Brian Wishneff & Associates is pleased to announce that it has hired an intern for Summer 2011.  Chad Phillips comes to BW&A from James Madison University where he will be a senior majoring in Public Policy and Administration and receiving a minor in Human Resource Development.  Chad’s hometown is Chesapeake, VA.  This summer, he will be supporting BW&A’s various tax credit, economic development and real estate initiatives.  Chad will work in the Roanoke office and can be reached via email at   chad@wishneff.com.

Lincoln Mills

Brian Wishneff & Associates has been engaged by Lincoln Mills, LLC to manage the tax credit process for its conversion of the mill into a mixed-use development.  For more information on this project, please visit its website here.

Jeffrey Oakman joins Brian Wishneff & Associates

Brian Wishneff & Associates is pleased to announce the hiring of Jeffrey Oakman.  Jeffrey comes to BW&A with an extensive background in both public and private sector real estate development.  He experience includes working for a non-profit developer in Boston, MA, as well as the New York EDC.  Jeffrey will work in BW&A’s Washington, DC office.

International Economic Development Council

Brian Wishneff participated in a panel at the International Economic Development Council Annual Conference called  “Circumventing the Credit Crunch: Innovative Financing Strategies to Make Projects Happen.” where he spoke on a variety of financial incentives including historic, renewable energy and new markets tax credits.  The conference agenda can be found here.

 

From Funding to Financing Workshop – Phoenix, AZ

Erik Wishneff will serve as a faculty member at the ”From Funding to Financing: Leveraging Economic Stimulus Money with Alternative Financing” workshop being put on by Support Services International for various tribal communities throughout the U.S.   This workshop will take place in Phoenix, AZ at the Crowne Plaza Phoenix Airport Hotel on July 29th and 30th, 2009.

Native American Capital Partnership

Brian Wishneff & Associates is pleased to announce that it has entered into a strategic partnership with Native American Capital to provide consulting and management services related to tax credit and other financial incentives to Indian Country sponsored projects throughout the United States.   For more information on this partnership, please do not hesitate to contact us.

Merced Theatre – Merced, CA

Brian Wishneff & Associates has been retained by the Merced Theatre Foundation, Inc. to assist in structuring and securing historic and new market tax credits for the renovation of the Merced Theatre. The renovation project will include a renovated theater as well as 10 residential apartments and 6 retail spaces. For more information on this project please visit the Merced Theatre

BW&A hires new Associate

Brian Wishneff & Associates is pleased to announce the addition of Adam Markwood to its staff. Adam graduated from Virginia Tech with a degree in Public and Urban Affairs. Immediately following graduation, he acquired a position at the New River Valley Planning District Commission, where he authored several policy analyses and assisted in the coordination of regional sustainability initiatives. This introduction to environmental planning led him to the private sector at Wallace Roberts and Todd, LLC, a national planning and architecture firm in Philadelphia, PA. Here he was able to participate on a number of projects, including LEED registered buildings, sustainable urban design plans and large-scale green plans. His responsibilities included assistance on project design, administration, quality control, and management. Adam is a LEED accredited professional and is on the Roanoke City Fair Housing Board.