Patrick Henry Hotel in Roanoke, VA
The once elegant Patrick Henry Hotel has been transformed into a mixed-use project that revitalizes a significant landmark in downtown Roanoke. Built in 1925, the 155,000 square-foot, 10-story hotel was part of the construction boom that swept the city in the decade after World War I. A sentimental favorite in Roanoke, the brick and stone hotel has been rehabilitated into132 apartments with commercial uses on the lower floors. The project followed the standards set forth by the Secretary of the Interior’s Standards for Rehabilitation in order to receive both state and federal historic investment tax credits. The rehabilitation of the Patrick Henry preserved a historic landmark for the Roanoke community. It fulfilled the vision to return a historic structure to its former prominence in the life of the city. A decade ago, Roanoke’s downtown largely was a place where people did business by day and drove home to the suburbs by night. The transformation of the Patrick Henry is a vital piece of the ongoing revival and a growing urban lifestyle in downtown Roanoke.
The Patrick Henry project received a top honor from Virginia Business magazine. The rehabilitation was honored as the Best Historic Rehabilitation of 2011 by the magazine and was featured in its July 2012 issue. Commonwealth Architects is a full service Architecture, Historic Architecture, Interior Design, Planning, Landscape Architecture and 3D Visualization firm. Established in 1999, Commonwealth Architects serves clients throughout the Mid-Atlantic Region.
Plymouth Soundings coordinated all financial activities necessary to obtain the Federal and State HTC’s and the NMTC allocation, provided accounting guidance during construction, conversion to operations and during audits and compliance reporting.
Other Projects in Plymouth Soundings Portfolio
ArtsQuest Images, Plymouth Soundings Projects
Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.
PBS – 39 Images, Plymouth Soundings Projects
PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.
The Tennessee Theatre Images, Plymouth Soundings Projects
The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and
Proctor’s Theatre Images, Plymouth Soundings Projects
Teaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s.
The Clemens Center Images, Plymouth Soundings Projects
Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.
The Fox Theatre Images, Plymouth Soundings Projects
The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.
The Adler Theatre Images, Plymouth Soundings Projects
The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.
Cotton Mill Images, Plymouth Soundings Projects
Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a →