Brokers are pitching a building near Shockoe Bottom as one of the last large-scale — you guessed it — historic tax-credit adaptive reuse apartment buildings in the area.
Scraping the bottom of the Shockoe barrel
Historic Tax Credits
French tax credit records raise red flags
State records obtained by Richmond BizSense show that developer Justin French has received an unusually large amount of tax credits for renovating historic buildings. Several contractors said that the rehab costs reported by French in his tax credit applications are close to double the typical range.