Waukeshaw Development Revenue

About Waukeshaw Development

Waukeshaw Development is leading revitalization and rehabilitation efforts throughout southside Virginia and continues to advance unique projects around the state and in North Carolina. Current adaptive reuse and historic tax credit developments, in varying project stages, comprise more than 500,000 square feet and reflect a value of more than $90 Million. Waukeshaw was a first-mover in the Tri-Cities area of Virginia, in 2006 breaking ground on the first market-rate multi-family project in Petersburg, VA — a town in which traditional developers saw no potential. A combination of conventional bank financing and state and federal historic tax credits brought the $26M project to life, yielding 220 apartments in what is now known as the Mayton Transfer Lofts. The success of that project opened the doors to further development, and Petersburg now boasts more than 1,200 new residential units downtown. Waukeshaw seeks out interesting, game-changing projects in challenging locales, often working closely with municipalities to further their economic development efforts. To achieve these goals, Waukeshaw attracts traditional bank financing, seeks grants and other incentives, and works with a practiced team of architects, CPAs, and legal and historic consultants to syndicate state and federal historic tax credits.

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