2372 St. Claude Avenue; New Orleans, LA
The New Orleans Healing Center serves to bridge the social divide between the two inner-city, historic neighborhoods it straddles, building inter-community trust while furthering post-Katrina recovery throughout New Orleans by providing a holistic, safe, sustainable facility that heals and empowers the individual and the community.
The Healing Center functions as a community center, offering needed retail services and supporting programs promoting physical, nutritional, emotional, intellectual and spiritual well-being. An adaptive reuse for the circa 1926 55,000-square foot former Universal Furniture Building at the intersection of St Claude and St Roch avenues in the 8th Ward of New Orleans, the center includes, among other amenities, yoga and pilates instruction, a cooperatively-owned organic grocery, a hydroponic rooftop garden, a street university, a health food café, juice bar and coffee shop with a youth training program, alternative healing, and a New Orleans Police Department substation.
Successfully executing a transaction of tremendous complexity, Crescent Growth Capital structured and closed in May of 2010 a $10.4 million New Markets Tax Credit qualified equity investment combining seven discrete funding sources to realize this project’s vision. Federal and state New Markets Tax Credits, federal and state historic tax credits, city and state CDBG dollars and sponsor equity were utilized. Construction was completed in 2011.
