BOSTON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/cherrytree?src=hash” target=”_blank”gt;#cherrytreelt;/agt;–The restoration of an aging structure in the Auburndale village of
Newton has been honored by the advocacy group Preservation
Massachusetts. The rehabilitation of the building on Auburn Street,
known as The Miller Block, is one of the winners of the organization’s People’s
Preservation Choice Award for 2019.
The restoration project was undertaken by the Cherrytree Group, LLC, a
tax credit advisory firm which purchased the property in 2017 for use as
its own offices as well as for other businesses. The historic
designation of the building, as well as the authentic restoration, made
the property eligible for tax credit incentives from the state and
federal governments—which happens to also be the focus of the company’s
services that it offers to real estate developers and investors
nationwide.
“Our entire team is both honored by this award and proud to call The
Miller Block our home. We’re now an award-winning example of how Federal
and state tax credits can benefit businesses and communities,” said
Warren Kirshenbaum, president of Cherrytree Group.
The centerpiece of Miller Block is a three-story wooden structure built
in 1850. The 4,657-square-foot former dry goods store is one of the last
commercial buildings of its kind in Newton.
Almost all the historic buildings in The Miller Block area, which is
near the Auburndale Commuter Rail Station, had been lost during and
after construction of the Massachusetts Turnpike, which abuts the
neighborhood, Kirshenbaum said.
The architect was Barry Ganek of Ganek Architects of Carlisle. General
contractor was C2MG Builders of Topsfield and systems contractor was
Total Temperature Control of Wakefield. Maynard historic consultancy
firm Epsilon Associates assisted the project with its effort to secure
Federal and state historic tax credits.
The
Cherrytree Group offers tax credit consulting, brokerage and
syndication services to developers as well as to individual and
institutional investors. Cherrytree applies for, secures and monetizes
available Federal and state tax credits. The company focuses primarily
on Brownfields tax credits in Massachusetts, New York and Florida, as
well as state historic tax credits in Massachusetts, Connecticut, New
York, and Virginia, and Federal tax credits for historic preservation,
renewable energy and low-income housing nationally.
Contacts
WARREN KIRSHENBAUM
(617) 431-2266
[email protected]
