Rethos’ investment partnership program is expanding in the region, with projects in Minnesota, Iowa, Wisconsin and Texas.
As a state historic tax credit investor, we’re able to work in states with an established historic tax credit and offer tax advantaged partnerships that reinvest state money into local communities through building reuse.
Since 2011, we have worked with $108 million of state tax credits and modernized over 3 million square feet of historic buildings for current and future use. Our partnership with Hatch Development Group in Newton, IA helped rehabilitate the Hotel Maytag to create 45 mixed income apartments, event space, a theater, and a café.
Opened in 1926, the Hotel was a hub of activity for 40 years. After the 1960s, the hotel fell into disrepair, and was sectioned off into apartments, offices, and
commercial spaces. Since 2007, Newton has faced economic challenges after the Maytag factory was closed. Public-private partnerships like the Hotel Maytag rehabilitation have helped make the city more resilient, while reviving a long-beloved building for community use. The Hotel Maytag’s success was recognized on September 4 when it received a Housing Iowa Award for Multifamily Housing Development from the Iowa Finance Authority.
Similarly, in Wausau, WI our partnership with MetroPlains turned a dilapidated warehouse into 29 affordable apartments.
The Atrium Lofts occupy the former Sav-O supply building on the Wausau River, a 1920 building that housed a paper bag company, a shoe company and warehouse, and a construction resale shop over the past century. The project conveniently provides easy access to the riverfront, restaurants, and entertainment at Wausau on the River. Rethos’ involvement ensured an interior
educational mural was included, portraying a historic shoe factory to add placemaking value.
These investment partnerships are two examples of our 38 projects ranging in scale, purpose, and location that provide positive economic effects on their communities through reimagined use, job-creation, and bolstered tax bases.
Explore all Rethos' current investment partnership projects here.
Comments