Investment_Featured

The Aspen

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Overview


 

Located in Washington, D.C.'s Mount Vernon Triangle, The Aspen is a Class A apartment building in a thriving “live-work-play”community. With expansive windows, rich masonry, and balanced façade, the Aspen offers residents a modern yet timeless appeal in an ideal location.

 

 

Location

Washington, D.C.

 

EB-5 Raise

$9.0 Million

 

Sponsor Developer

A&W 4th Street, LLC,
Blue Sky Housing, &
Paramount Development

 

Year Completed

2017

 

Project Type

TOD Multifamily

 

Size

124 Units
6,810 SF Retail

 

 

 

Howard Theatre

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Overview


 

Built in 1910, the Howard Theatre is the oldest major African American Theatre in the United States. Together with Howard Theatre Restoration, Inc., Urban Atlantic leveraged NMTCs to fund the $26 million historic restoration of the theatre. This included the full restoration of the façade to its 1910 appearance, excavation of a fully functional basement and construction of a three-story addition on the rear of the building. The Howard Theatre restoration acted as a catalyst for additional development in the neighborhood. Urban Atlantic's $5 Million Allocation leveraged over $27 Million in project costs.

 

 

Location

Washington, D.C.

 

Sponsor Developer

Howard Theatre Restoration, Inc.

 

Public Partner

District of Columbia

 

UA NMTC Allocation

$5 Million

Closing Year

2011

 

Project Type

Historic Renovation

 

Size

22.4K SF

 

 

Myriant Corp.

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Overview


 

The Myriant Corporation developed a green alternative to petroleum that it uses in the production of inks, coatings, Spandex, and plastics. This NMTC investment helped bridge the financing gap for the construction of Myriad's manufacturing plant, which helped bring a sustainable product to market while simultaneously bringing jobs to a severely economically distressed community. Urban Atlantic's $12.7 Million Allocation leveraged over $148 Million in project costs

 

 

Location

Lake Providence, LA

 

sponsor Partner

Myriant Corporation

 

Size

260,000 SF

CLOSING YEAR

2012

 

UA NMTC ALLOCATION

$5 Million

 

Project Type

Manufacturing Plant,
Business