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SHARE Food program secures a $1 million RACP commitment to invest in roof and electrical upgrades

The SHARE food program is led by Steveanna Wynn, the Philadelphia Inquirer's Citizen of the year in 2012.  The organization, with a limited staff but hordes of volunteers, distributed more than 26 million pounds of food for the hungry out of their more than 100,000 sf warehouse and distribution center in North Philadelphia.  We worked with SHARE to prepare their RACP application to the Commonwealth of Pennsylvania and with their extraordinary efforts and the recognition of the vital work that SHARE does, plus the support of legislators including State Senators Shirley Kitchen and Vincent Hughes, the State committed a $1 million Redevelopment Assistance Capital Program grant which enable them to stabilize their building and keep serving food banks throughout the mid-atlantic region.

Marcus Reinvestment Strategies and RBA complete the Downtown Development District Plan and application for New Castle County

MRS and Brown and Keener/RBA worked together to complete the Route 9 Downtown Development District plan and application to the State of Delaware on behalf of New Castle County.  With a short time frame, MRS led a team to prepare a community and economic development plan for an unincorporated area which was an historic suburb of Wilmington, Delaware that provided post-war houisng and was one of the few areas that permitted African-Americans to purchase homes.

 

The investment in a new library was seen as a catalyst to spur further development and create an innovation district.  New Castle County wanted to take advantage of a new program created by the State to support walkable downtown communities.  This plan proposed creating a town center adjacent to the library site, revitalizing an aging community center, and creating a gathering place for 9,000 nearby residents.  The library broke ground in September of 2015 and future development in the area remains a goal of the County leadership.



Financing for Commercial Revitalization

Working with the Local Initiatives Support Corporation in Philadelphia, we helped originate complex financing for Mosaic Development Corp. for a complex project called Eastern Village.  This $7 million project involved New Markets Tax Credits, Historic Tax Credits, bridge financing and permanent debt to renovate an historic building in the Brewerytown/Strawberry Mansion section of North Philadelphia.  The project is building 36 rental units on the second story in an innovative design by ISA architects.  Of those apartments, 15 will be affordable.  The building will also house a daycare with 80 slots operated by an African-American female  entrepreneur moving into her second location.  This area has significant demand for high-quality childcare services which this is expected to be and the daycare is expected to serve primarily low-income children.  The daycare and the rental units are expected to open in the Spring of 2016.

News & Events

SHARE Food program secures a $1 million RACP commitment to invest in roof and electrical upgrades

The SHARE food program is led by Steveanna Wynn, the Philadelphia Inquirer's Citizen of the year in 2012.  The organization, with a limited staff but hordes of volunteers, distributed more than 26 million pounds of food for the hungry out of their more than 100,000 sf warehouse and distribution center in North Philadelphia.  We worked with SHARE to prepare their RACP application to the Commonwealth of Pennsylvania and with their extraordinary efforts and the recognition of the vital work that SHARE does, plus the support of legislators including State Senators Shirley Kitchen and Vincent Hughes, the State committed a $1 million Redevelopment Assistance Capital Program grant which enable them to stabilize their building and keep serving food banks throughout the mid-atlantic region.

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