Powers & Company, Inc.

03/26/2025

The Washingtonian recently reported on the conversion of D.C.'s historic Fairfax Hotel into a 128-unit retirement community now known as Inspir Embassy Row. Powers & Company is proud to have served as historic tax credit consultant on this exciting rehabilitation project, one of the largest completed in the District in recent years.

The fabled Fairfax Hotel and Jockey Club in DC are reborn as Inspīr Embassy Row.

11/29/2022

As week ends, we’re grateful to see our work serving the community and helping others. Before the of the new 150,000 square foot City Harvest location, Powers & Company undertook a comprehensive history of the building — uncovering its as a train depot in the late 19th century.

Now, the City Harvest building consolidates New York’s largest food rescue organization under one roof with a creative space to provide food, vital services, office space for employees and volunteers and an event space.

Check out Architectural Digests feature to see the full renovation:

City Harvest’s newly opened Brooklyn campus was designed by Ennead Architects and Rockwell Group

02/26/2020

Congrats to the Cristo Rey Philadelphia High School on an amazing rehabilitation of the abandoned A. Mecky Company Building using historic tax credits obtained by Powers & Company!

Stories of five places—including a former tricycle factory and a bird-like home designed by Frank Lloyd Wright's son—in transition as featured in Preservation magazine's Winter 2020 issue.

02/07/2020

The Pennsylvania State Historic Preservation Office highlights the restoration of Philadelphia's Metropolitan Opera House, using historic tax credits obtained by Powers & Co.!

Philly's 1908 Metropolitan Opera House was recently rehabilitated and reopened with thanks, in part, to the federal historic tax credit program.

01/18/2019

The headquarters of the former RCA/Victor complex in Camden, NJ has new ownership and awaits rehabilitation.

ANOTHER HQ FOR CAMDEN: The historic property is more than a century old and was once home to the Camden City School District.

01/18/2019

Congratulations to the Buccini Pollin Group for the successful completion of the first phase of the renovation of the iconic DuPont Building in downtown Wilmington, DE using State and Federal historic tax credits!

The Chemours Company, a global chemical firm, opened its renovated company headquarters on January 15 within the historic, 106-year-old DuPont Building.

12/05/2018

Congratulations to Eric Blumenfeld on the successful completion of The Met Philadelphia, restoring a Philadelphia landmark and making N. Broad Street once again a cultural destination.

Get the full scoop on North Philly's stunningly restored performance space now hosting blockbuster acts...

09/20/2018

Great coverage of Huntingdon Mills from Inga Saffron today. We recently nominated this complex, the former Franklin Carpet Mill, to the National Register and will be guiding this worthy project through the historic tax credit process.

Two high-end developers create a sideline to provide islands of affordability in Philadelphia's fast-changing neighborhoods.

03/14/2018

We're excited to participate in the Preservation Alliance for Greater Philadelphia's Exploring Historic Tax Credits seminar next Thursday, March 22nd. Come learn about the present state and future of this critical federal tax incentive from our own Bob Powers and other industry experts! Tickets are available through the link below:

*Sponsorships available. Please contact Susan Matyas at [email protected] for more information. Program Description Tax credit equity can be a

11/03/2017

Congratulations to HRI Properties on the impressive rehabilitation of the old Liberty Title & Trust Building in Philadelphia. This 1925 former bank and office building was transformed into the Aloft Philadelphia Downtown Hotel, right next door to the Pennsylvania Convention Center. This important Federal Historic Tax Credit project, for which we provided consulting services over the past few years, was recently given its final Part 3 approval by the National Park Service!

10/30/2017

Before Congress considers eliminating the historic tax credit, they should listen to Ronald Reagan speak about its benefits in 1984:

"Our tax credits have made the preservation of our older buildings not only a matter of respect for beauty and history, but of economic good sense." --Presid...

10/27/2017

The Federal Historic Tax Credit is in grave danger of being eliminated during upcoming tax reform. Please contact your elected officials in the House and Senate and tell them you support this critical economic development tool, which has generated billions of dollars in investment in historic buildings and has created over two million jobs in the past 30+ years. The National Trust for Historic Preservation has created this simple, easy tool to help you get in touch with your senators and representatives:

Join us in urging lawmakers to send a message to the House Ways and Means and Senate Finance Committees: the historic tax credit must be retained in a reformed tax code.