During National Historic Preservation Advocacy Week, six projects were awarded “Preservation’s Best.” Congressional Historic Preservation Caucus Co-Chairs Michael Turner and Rush Holt, along with US Senators and Members of Congress representing the project winners attended to recognize and present the award to their constituents.
Through federal incentives like the historic tax credit, historic preservation drives economic development and community revitalization across the nation by taking historically significant buildings, that are dated and abandoned, and turning them into viable community assets in a 21st Century economy. “Preservation’s Best of 2013” highlight exemplary historic tax credit projects that revitalize our cities and small towns, and breathe new life into our communities.
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Warehouse Lofts, Macon, GA
In 2009, local developer Bryan Nichols of Nichols Investment Group, LLC saw an opportunity to create more downtown housing units by rehabilitating the historic Scofield Iron Works Showroom, originally constructed in 1900 and located in Macon’s industrial and commercial center.
While some developers struggled during the recent recession, Bryan Nichols was able to thrive because of the tax incentives. Nichols has been able to refurbish several loft units downtown as well as convert an abandoned storefront into the Taste and See coffee house on Poplar Street. Without the incentives, Nichols said he likely would have focused most of his development in north Macon. “If you invest in something, you get something in return,” he said. “You’re preserving (a historic) building and getting something in return for doing it.” – Philip Ramati, Athens Banner Herald
The Warehouse Lofts, a 15,000-square-foot building features loft-style apartments with restored wood-sash windows, historic interior brickwork and updated plumbing and duct-work systems. Completed in 2010, this $385,000 project was a catalyst for more than $16 million in other projects in downtown Macon.