McClellan Industrial Lofts

McClellan Industrial Lofts

Anniston, IL

The McClellan Industrial Lofts is a market rate apartment community located on the campus of the historic Fort McClellan in Anniston, Alabama. McClellan is a 10-thousand-acre master planned community consisting of residential, commercial, industrial, educational, research, and technology development. Today McClellan is the recreational center for the City of Anniston, with an 18-hole golf course, aquatic/fitness center, sand volleyball venue, soccer and baseball fields, ΒΌ mile athletic track, 800-acre mountain bike track, 900-acre horse park, numerous city parks, and a national forest.

The $20 million historic rehabilitation of 8 buildings will be completed in August 2023 and include 79 apartment units with 50 one-bedrooms and 29 two-bedroom units, oversized windows, 10’ to 25’ tall ceilings heights, open floor plans, modern kitchens and baths, exposed ceilings, ceiling fans, all in a unique architectural design. Amenities will include state-of-the-art security, pool, club house, gym, business center and open spaces. Parking will be provided by surface parking.

Total Development Costs:

~$20 million

Project Sources:

25% State Historic Tax Credits, 20% Federal Historic Tax Credits, Construction/Perm Loan, Tax Credit Bridge Loan, Opportunity Zone Equity, Owner Equity and Deferred Developer Fee
© 2024 Bracket Partners, LLC.
All rights reserved.