New Markets Tax Credit Investments
Harrison Fresh MarketNew Orleans, Louisiana
CityScape Capital Group assembled the key tax credit equity financing for the $6 million Harrison Fresh Market project located at 801 Harrison Avenue in New Orleans, LA.
Robert Fresh Market LLC has successfully rehabilitated a vacant 21,000 square foot building into a new full-service grocery store. The building formerly housed a successful community grocery store which was severely damaged during Hurricane Katrina and never reopened. It is estimated that the renovation project created 30 new construction jobs and 40 new full-time permanent jobs, while also creating another 40-60 part-time permanent jobs.
The Harrison Fresh Market provides a critical service to the Lakeview neighborhood while contributing to the ongoing recovery of New Orleans from the effects of Hurricane Katrina. In addition, the restoration of this blighted building greatly improved a vital area within the Lakeview neighborhood retail hub. Currently, there are three grocery stores in the New Orleans area under the Robert Fresh Market moniker with approximately 250 employees.