The Centre at 501
162
Jobs Created
$2,736,737
Tax Impact
$6,885,518
Income Generated
$9,353,796
GDP Added
$18,313,638
Output Generated
The Centre at 501 in Springfield, Illinois was originally built in 1967 as the First United Methodist Church. The building stood as a historic downtown landmark for generations before being vacated in 2008. The property was rehabilitated in 2019 utilizing federal Historic Rehabilitation and New Markets Tax Credits and now functions as a mixed-use development, offering residential 25 market rate apartment units and 1,400 square feet of commercial office space while preserving historic features. The Centre at 501 supports the growth and well-being of the Springfield community, ensuring its legacy remains a vital part of the city’s future.
Project Type:
Historic RehabilitationTax Credit Type:
FederalAddress:
501 E Capitol Ave
Springfield, Illinois 62701