Gordon Brothers has been engaged by John K. Lane of Inglewood Associates, LLC, the court-appointed receiver, for the disposition of the property formerly known as “The 925 Building”. A federal court order has appointed and authorized Gordon Brothers to act as the Receiver’s exclusive real estate sales and advisory agent. This is a significant mixed-use redevelopment opportunity set in a historic building with a rich past, offering the flexibility to incorporate a variety of uses such as hotel, dormitory, retail, residential, office, data center, and self-storage users.
One of the standout features of this opportunity is the availability of developer tax credits, which presents an appealing incentive for buyers. These include:
-Transformational Mixed-Use Development (TMUD) which is an Ohio tax credit designed to support large-scale, "transformational" construction projects that blend residential, commercial, and retail uses
-Historic tax credits (HTCs) provided for historic structures
-Brownfield tax credits which are for the cleanup and redevelopment of contaminated or underutilized industrial/commercial properties providing the developer with tax deductions for remediation costs or credits for site improvements