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

Artspace Lofts Plan Scores Major Investment

By Amos Maki

Print | Front Page | Email this story | Email reporter | Comments ()

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.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 172 17,556
MORTGAGES 101 194 20,229
FORECLOSURE NOTICES 0 9 2,654
BUILDING PERMITS 0 126 36,072
BANKRUPTCIES 51 114 11,278
BUSINESS LICENSES 26 58 5,767
UTILITY CONNECTIONS 0 0 6,715
MARRIAGE LICENSES 17 68 3,984