New Frontiers for Historic Tax Credit

Brittany Foley, a preservation architect, talks about the opportunities for historic tax credits and the transformational spaces that preserve historic roots in the Magic City in the Birmingham Business Journal.

The Federal Reserve's Historic Lobby is pictured in a post-2015 renovation, thanks to historic tax credits. The renovation architect was Williams Blackstock with Capstone Real Estate Investments.

A 110-year-old warehouse, dubbed The Hardwick on the Rotary Trail, located at 23rd Street South is currently being renovated. The $24 million project will transform the building that was once the home of a fabricated and prefabricated steel-processing plant into office, retail and restaurant space. The Hardwick’s previous life as an open-air warehouse required extensive mechanical and electrical work to make the planned multi-floor bay possible.

We’re doing some things that are very technical inside the building, and rather complex, in order for it be able to be serviced as a multi-level office space with the restaurants on the ground floor, Foley said. We’re pretty much weaving structure inside of an existing building and then reinforcing walls that are just cantilevered in place right now.
— Brittany Foley
Source: https://www.bizjournals.com/birmingham/new...