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VOL. 130 | NO. 93 | Wednesday, May 13, 2015

Artspace Lofts Plan Scores Major Investment

By Amos Maki

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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.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
FORECLOSURE NOTICES 5 5 2,207
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985
BUSINESS LICENSES 29 29 4,730
UTILITY CONNECTIONS 37 37 5,570
MARRIAGE LICENSES 37 37 3,019

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