Federal HTC: $100,150,000
Federal NMTC: $50,000,000
Project Cost: $65,000,000
Jobs: 225 temp construction, 110 new full-time perm
Poverty Rate: 36.6%
Unemployment Rate: 22.1%
United Properties Investment, LLC has successfully completed the Ford Center redevelopment project by transforming a former automobile factory into a 269,000 square foot, LEED-certified Class A office building targeted to creative services businesses.
The Ford Center redevelopment project returned a 95-year-old, dilapidated Ford Assembly plant to its historic condition for lease to office tenants. It is the first office project in the "North Loop" neighborhood for over 10 years and the aesthetically pleasing redevelopment and environmentally friendly design will serve to stimulate other economic development in this historic neighborhood.