This is One Iconic Project
Construction was completed in December, 2017 with change of use from offices to luxury apartments.
Weston acquired the Standard Building to complete a comprehensive historical tax credit redevelopment and change of use from offices to luxury multifamily rental apartments. Federal and State Historical Tax Credits have been awarded; construction was completed in December, 2017. Multiple other layers of financing were utilized including a bridge loan on the tax credits, subordinate financing from Cleveland Development Advisors. A capital lease structure was completed with the Port of Cleveland.
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Acquisition
Office-to-industrial conversion case study showcasing Weston's adaptive reuse strategy in Opelika
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Development
Weston completes the expansion and sale of a 317,865 SF industrial facility in Bishopville, SC
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Disposition
Weston sold a 10,320 SF Columbia office building to further its industrial-focused portfolio.
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