Historic Tax Credit Opportunities in Texas
Ready for your next HTC project? We've rounded up a few buildings for sale that we think would be great candidates. All are listed on the National Register, making the first step (Part 1/A) a cinch! Read on to discover your next HTC deal:
Nueces County Courthouse, Corpus Christi
Year of construction: 1914
Existing square footage: 80,000
Constructed in 1914, the Nueces County courthouse has been vacant for decades. Earlier this year, a group of developers had a hotel project in the works, but the project recently fell through. Bonus: it's also located in an Opportunity Zone. Read more about it here. RFPs are due to Nueces County on December 18.
Why Corpus Christi? It's a coastal tourist destination with a robust downtown, giving it the feel of a big city.
The Glove Factory, Mount Vernon
Year of construction: 1953
Existing square footage: 28,000
A contributing building in the recently-listed Mount Vernon Commercial Historic District, this industrial space features a wide open interior with numerous possibilities, such as a restaurant and mixed-use, a brewery, school, or apartments. A perk is the large lot which could accommodate new construction. Mount Vernon is centrally-located in a growing East Texas wine region and attracts thousands of visitors each year. Read more about the building here.
"The Old Convent," Victoria
Year of construction: 1904
Existing square footage: 44,000
This impressive edifice served as the Incarnate Word convent until 1964. Victoria is a zoning-free city so the possibilities with the building are essentially limitless. There has been interest in the past few years to convert the building to apartments or a hotel, but nothing has moved forward. Read more about the building here.
Contact us to see how these could work for HTCs. Looking for more? Explore the dozens of large buildings and smaller buildings in Texas downtowns (which could be assembled into a single large project) at https://downtowntx.org/.