Gulf Coast Housing Partnership is redeveloping two buildings in Central City at 1725 and 1731 Baronne St. The 8,725-square-foot structure at 1725 Baronne is being renovated to house the Tulane School of Architecture’s applied urban research and outreach program. The 13,000-square-foot former streetcar power substation at 1731 Baronne is being rebuilt as a performing arts center and art gallery for the nearby Ashe Cultural Arts Center campus
The total development cost is $10 million, and the project will be financed through a combination of equity and debt sources, including New Markets Tax Credits, state and federal historic tax credits, state live performance infrastructure tax credits, private donations and public grants. Construction will begin in Second Quarter of 2013.
The Gulf Coast Housing Partnership is known for other developments in the area, including the Muses, a $60MM mixed-income apartment community
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