Helen Newberry Nurses Home Redevelopment
Detroit, MI, 2007-2011
Originally constructed in 1898, the Helen Newberry Nurses Home was a blighted and abandoned historic former residential building near the Medical Center in Midtown, Detroit. Zachary and Associates, Inc. assembled a team to redevelop the building. The firm conducted the economic structuring and all aspects of financing for the project including market analysis and focus groups interviews. In 2011, the redevelopment was completed, and included 28 residential units. As an historic rehabilitation project, the redeveloped building retained many of the historic features, including the original lobby and leaded glass throughout the structure. The funding package for the project included FHA 221d(4) mortgage insurance, Michigan Business Tax Credit, Federal Historic Tax Credits, Michigan Historic Tax Credits, Geothermal Tax Credits, and a loan from Invest Detroit.
71 Garfield Building Redevelopment
Sugar Hill Arts District, Detroit, MI, 2006-2010
Built in 1922, 71 Garfield was an abandoned historic former residential building in the Sugar Hill Arts District in Midtown, Detroit. As part of their Sugar Hill Arts District redevelopment plan, Zachary and Associates, Inc. assembled a development team to redevelop the building into 22 live-work residential and commercial units. The firm conducted the economic structuring and all aspects of financing for the project including a market analysis and focus groups. The funding package included a HUD Section 108 Loan, a City of Detroit Community Development Block Grant, New Economy Initiative funding, Michigan Brownfield Tax Credits, Federal Historic Tax Credits, Michigan Historic Tax Credits, Solar Energy Tax Credits, and Geothermal Tax Credits. Though the project restored many of the building’s historic features, it also incorporated the latest in sustainable technology, including photo-voltaic solar, solar water heating, geothermal heating and cooling, a reflective roof, and rooftop water collection. For more information on the sustainable and green components of 71 Garfield's design, please see: Sustainable Planning.
Zachary & Associates, Inc. | 71 Garfield, Suite 130, Detroit, MI 48201 | 313.831.6100 | email@example.com | © 2013 All rights reserved.