Project Profile

Hobbs Building

  • Photo courtesy of TheHobbsAurora.com

92

Jobs Created

$1,549,478

Tax Impact

$3,898,423

Income Generated

$5,295,905

GDP Added

$10,368,762

Output Generated

Hobbs Building, located in Aurora, Illinois, was originally built in 1892. Designed in the Romanesque Revival style, the building originally served as a furniture store and is notable for its distinctive copper onion dome. Over the years, the Hobbs Building has been an integral part of Aurora’s commercial landscape, standing as a landmark at the northwest corner of Galena Boulevard and River Street. Despite facing periods of vacancy and deterioration, it remained a symbol of the city’s rich architectural heritage. Now repurposed, it serves as a mixed-use development, preserving its historic charm while offering 31 residential units on the upper floors and over 10,000 square feet of ground-floor retail/commercial space that celebrates the unique history of Aurora. Through the federal Historic Rehabilitation Tax Credit (HTC) and the River Edge Historic Tax Credit (RE-HTC) program , the Hobbs Building supports the growth and well-being of the Aurora community, ensuring its legacy remains a vital part of the city’s future. This redevelopment not only revitalizes a historic structure but also contributes to the ongoing rejuvenation of downtown Aurora.

2nd Image: Hobbs Building by Dudeman365, licensed under CC BY-SA 4.0, via Wikimedia Commons

Tax Credit Type:
Federal State
Address:

2 N River St
Aurora, Illinois 60506

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