SoPo lofts

DESCRIPTION

Like most of the trackside warehouses in downtown Billings, this pair of two-story buildings had long been vacant. The 15,000 SF downtown linked historic buildings were renovated into a mixed-use project: the SoPO (south of post office) Lofts. The first floor has 4,500 SF of retail space and six indoor parking spaces. The second floor has six loft-style apartments, and the basement has storage.

To accommodate the change of use, new egress stairways were provided. Shell improvements included a new insulated roof, tuck-pointing of brick façade, replacement of non-original glazing with low-E double hung windows, and new entryways. The completed work was accepted for listing on the National Register of Historic Places.

LOCATION
Billings, Montana

SIZE
Building Gross Area: 14,500 SF
Residential Area: 6,474 SF Commercial Area: 6,600 SF

DWELLING UNITS
6

TOTAL COST
$879,650

CAPITAL STACK
• Commercial Loan
• Revolving Loan Fund
• Private Equity
• Historic Tax Credits
• TIF Grant

COMPLETED
2002

PROJECT HIGHLIGHTS
Historic Tax Credits