Project Profile

Mansion on Main

  • Photo courtesy of TheMansionOnMain.org

228

Jobs Created

$3,833,028

Tax Impact

$9,643,743

Income Generated

$13,100,772

GDP Added

$25,649,780

Output Generated

Mansion on Main, located in New Albany, Indiana, was originally constructed in 1922 by the M. Fine & Sons Company, a prominent local clothing manufacturer. Designed by the esteemed Louisville architectural firm Joseph & Joseph, the building represented a significant $100,000 investment at the time—a reflection of the post-World War I economic expansion. While the company maintained operations in downtown New Albany, the new facility at East Main Street and 15th Street was designed to house state-of-the-art machinery and, by 1925, employed 325 workers. Now repurposed, the building serves as a 108-bed assisted living facility, preserving its historical character while offering high-quality senior care. Monarch Private Capital provided the State HTC equity for Denton Floyd Real Estate Group’s 2017 redevelopment.

Tax Credit Type:
State
Address:

1420 E Main St
New Albany, Indiana 47150

Contact us for more information about impact investing, federal and state tax credits.