300 WEST FAYETTE STREET

300 West Fayette Street was originally constructed in 1908 and was home to the Berkheimer Brothers Department Store. The 7-story, 120,000 square foot building went through a series of owners and uses before it was last utilized as the headquarters of a pharmaceutical company. It had been vacant since the early 1990’s and fell into extreme disrepair. Challenges included environmental issues, title, zoning, structural integrity, parking, and neighborhood changes to name just a few. TD&A was hired to determine the highest and best use for the property and then embark upon a campaign to find the right buyer to unlock the value of the building. After an exhaustive search TD&A identified a developer with historic tax credit experience. The developer acquired the property and embarked upon a plan to convert the building into apartments to serve the large number of medical students and health care professionals in the immediate area. The building was transformed from an eyesore to a neighborhood gem.