The Wonder Shops + Flats
Campbell Baking Co. Factory, est. 1915 — Troost Corridor, Kansas City
A 1915 baking factory on the Troost corridor, 175,000 square feet, converted into 87 loft residences above 16 commercial bays. The commercial space is not decoration: a New Markets Tax Credit entity cannot draw 80% or more of its gross income from residential rental, so those 16 bays and the jobs behind them are what made the allocation possible. That is the whole lesson of this building.
- Original use
- Baking Factory
- New use
- 87 Lofts + 16 Bays
- Size
- 175,000 SF
- Total investment
- $16MM
Incentive stack
Missouri Historic Tax Credit — 25%
New Market Tax Credits via AltCap
PIEA tax abatement
