We signed on Friday a contract with Commonwealth Architects (Bryan Green) to provide a Feasibility Study for the Farm Bureau Building in Charlotte County Courthouse. This is an abandoned commercial building in the historic district in a distressed courthouse town in southern Virginia. Using funds from the Maple Roads bequest, we purchased the building a couple of years ago with plans to use it as a demonstration project of the effect of a rehabilitation tax credit supported restoration can have on a small town commercial district. This feasibility study will:
include research into the building's history and historic character, an existing condition architectural analysis, building code review, recommendations for reuse, an in-house opinion of costs based on square footage and proposed rehabilitation ... It is the intention of this report to serve as a pre-schematic feasibility study for the full rehabilitation of the building.
This should be a very instructive process, especially in the use of the tax credits by a non-profit as a partner in a rehab process. Stay tuned!