Elder Street Lofts

ARTSPACE PROJECTS, INC.

An abandoned historic property in dire straits, a complex financing structure, and tales of ghosts and graveyards to boot! All these factors, and working with the community organizations, city and state officials and financial representatives made guiding the Elder Street Artist Lofts development a tremendous experience. I am gratified to see this grand building emerge as a lively new residence for Houston-area artists and their families.
– Brian Gorecki

elder-street-lofts

No Artspace project sits on land with greater historical interest than the Elder Street Artist Lofts. The site was originally home to a municipal cemetery in the 1840s, and over the next few decades thousands of people were buried there. But the cemetery was not maintained, and in1924 the Houston City Council chose to build the Jefferson Davis Hospital on the site. Long rumored to be home to ghosts of the past, the building served the community for only a short time, and was then deemed obsolete. It stood vacant for decades.

This $6.3 million dollar project, a handsome red brick structure in the Classical Revival style, now houses 34 live/work artist units, many of which offer spectacular views of the downtown Houston skyline. The building’s original terrazzo floors, high ceilings and large window openings all were retained. One feature of the project is a partial “green” roof — the first of Artspace’s projects to feature this environmentally sustainable amenity.

PROJECT HIGHLIGHTS
Location:Houston, TX
Total Development Cost:$6.3 million
Total Area:39,000 sf
Number of Units:34 Units / Affordable
Completion:2005
Financing:LIHTC, Historic Tax Credits, Harris County, EPA Grant, Neighborhood Investment Fund and Philanthropic Grants