Est. 2013 · Manhattan, KS

Cottonwood School Lofts

10

Unites

12,000

SQ. FT.

$ 2,000,000

Capital Deployed

It's all in the details.

Constructed in 1904, this two story limestone building was closed in 2010 and had remained vacant. A local nonprofit group purchased the building with the intent of finding a suitable developer to restore the school. Frontier was selected through a competitive RFP process. Due to the rural location, Frontier led efforts to form an RHID tax abatement district and qualify the project for MIH and KHITC awards. Due to a shared entrance with a community center, plans were developed in close collaboration with the non profit group and include utility, travel, and parking easements.

Our role

Lead developer, GP, Property Manager, General Contractor

Capital Stack

GP equity, deferred developer fee, KHRC MIH Grant, KHITC equity, RHID tax abatement, state tax credit equity, construction loan, perm loan

Project Type