Maynard, MA – Epsilon recently provided historic tax credit consulting services for the redevelopment of a number of prominent historic buildings across the commonwealth.
The Merrick-Phelps House located in Springfield and built in 1841 is an unusually well-developed example of the Greek Revival style, notable for the elaborate Corinthian columns and delicate cast-iron railings of its portico. After several decades of neglect, the property was acquired by Develop Springfield, Inc., and now serves as office space for that organization and other local nonprofit agencies. The project was recently honored with a 2017 Preservation Award from the Massachusetts Historical Commission.
Memorial Square Apartments, also located in Springfield, consists of a striking six-story brick residential block, known as the Memorial Square Building. The building was completed in 1911 to the designs of local architect E. J. Pinney. The New England Farm Workers’ Council’s renovation of the building included the restoration of the intricate brick and limestone masonry exterior and the meticulous reconstruction of the façade’s prominent bays.
441 Stuart Street in Boston’s Back Bay was originally developed as the headquarters for the New England Power Company. The brick and limestone building features numerous unique Art Deco style details including three-story cast stone pilasters establishing the base of the building, decorative metal canopies, and aluminum spandrels with fountain motifs. Synergy Investments recently completed a $24 million rehabilitation of the building’s interior and exterior with the benefit of historic tax credits.
The Plymouth post office, constructed in 1914, was designed by Oscar Wenderoth, supervising architect for the United States Post Office, and is an excellent example of early 20th century Georgian Revival architecture and a key component to Plymouth’s historic downtown. The building’s owner, 1620 Capital, LLC recently completed a substantial rehabilitation of the historic post office building. In recognition of the high degree of restoration work, the post office project was honored with a Paul Tsongas Preservation Achievement Award by Preservation Massachusetts.
The former Western Massachusetts Regional Police Academy Building located in Agawam was recently transformed into the Gordon H. Mansfield Veterans Community facility. The former police academy building now provides affordable housing opportunities for veterans. Soldier On, a Pittsfield-based nonprofit dedicated to ending veteran homelessness, undertook the project in an effort to help bring more housing opportunities to veterans in need.
Property owners and developers regularly turn to Epsilon Associates, Inc., a Maynard based environmental and engineering consulting firm, to assist them in securing project approvals and clearances from local, state, and federal agencies as well as to secure state and federal historic rehabilitation tax credits for their projects
Doug Kelleher, Principal and Manager of Epsilon’s Historic Preservation team, says “Epsilon is honored to have had the opportunity to play a key role in each of these projects, which not only involve the preservation of important historic buildings but also contribute to the economy of the communities in which they are located, as well as the Commonwealth as a whole; the availability of the state and federal historic tax credits were vital to the success of these important projects.”