VOL. 130 | NO. 93 | Wednesday, May 13, 2015
Artspace Lofts Plan Scores Major Investment
By Amos Maki
A plan to transform an abandoned Downtown warehouse into live-work spaces for artists has received a major boost.
Artspace Project Inc.'s plan to convert the United Warehouse buildinginto live-work space for artists has received a $1 million investment from the Hyde Family Foundations.
(Daily News File/Lance Murphey)
The Hyde Family Foundations is investing $1 million to help Artspace Project Inc. make the South Main Artspace Lofts a reality.
The organization wants to convert the old United Warehouse building at 138 St. Paul Ave. in the South Main Historic Arts District into 58 affordable live-work spaces for artists and their families, community and gallery space, and an outdoor arts garden.
Artspace Project Inc. is still seeking roughly $2.9 million to fully fund the $14 million project. It is trying to raise private donations to complete financing so it can begin construction on the project in the first quarter of next year.