Est. 2013 · Manhattan, KS

Community House

18

Unites

13,000

SQ. FT.

$ 3,200,000

Capital Deployed

It's all in the details.

This was a distressed city owned property that was acquired via a competitive RFP process. Originally constructed in 1917, the building suffered from many years of neglect despite being a prominent building in downtown MHK. Renovation plans required sign off from the local Historic Resources Board, the Manhattan City Commission, Kansas SHPO, and NPS. The building originally served as a recreational facility for soldiers during WWI so the large dance hall had to be retained in an open configuration which restricted potential uses for the space.

Our role

Development team, GP team, Property Manager

Capital Stack

Federal credit investor, state HTC equity, forgivable Eco-Devo loan, GP equity, construction loan, perm loan

Project Type