New Orleans-Based Campo Architects Offers Specialized Service of Converting Historic Tax Credits into Equity.NEW ORLEANS New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded -- In an economy that continues to be volatile for builders and developers, John T. Campo, Jr., AIA AIA - Application Integration Architecture , President of 24-year old Campo Architects, has refined a specialized service that results in creating substantial equity for hotel owners and developers.
Known as the Historic Rehabilitation Tax Credit, Campo has successfully orchestrated tax incentives for projects "Placed In Service" totaling $250 million. This lowers the current equity spread of 40-50 percent now required from commercial builders and developers due to today's tough economy, to less than 20 percent. In general terms, the Historic Rehabilitation Tax Credit is an incentive from the Federal Government - specifically the National Parks This is a list of national parks ordered by nation. Africa
In many instances, the federal tax credit also is matched by many states throughout the U.S. In addition, if the property is held for the required five-year period, there is no recapture of the historic tax credit.
Campo Architects has more than 20 years experience in leveraging historic tax credits for clients and has successfully improved the financial bottom line of its clients through the adaptive re-use process involved in restoring historic buildings. Adaptive re-use is the process of adapting old structures by changing the primary function of the structure, while retaining some of the existing architectural details that make the building unique. It is seen by many as a key factor in land conservation and in reducing sprawl.
"Campo Architects wants to increase awareness among commercial builders, hotel developers and owners of the value of historic tax credits," said John T. Campo. "In this kind of economy, we want to do everything we can to help our clients recoup what is theirs."
Campo also pointed out that his firm has worked with several hoteliers and developers in the restoration of properties and the use of historic tax credits in New Orleans.
Recently, Campo Architects was commissioned as the architect and the historic preservation Historic preservation is the act of maintaining and repairing existing historic materials and the retention of a property's form as it has evolved over time. When considering the United States Department of Interior's interpretation: "Preservation calls for the existing form, consultant by the developers of 200 Carondelet for the renovation and restoration of its 189-unit, 24-story residential rental development in the heart of downtown New Orleans In New Orleans, Louisiana, "downtown" refers to areas along the Mississippi River down-river (roughly east) from Canal Street, including the French Quarter, Treme, Faubourg Marigny, the Bywater, the 9th Ward, and other neighborhoods. . The skyscraper skyscraper, modern building of great height, constructed on a steel skeleton. The form originated in the United States. Development of the Form
Many mechanical and structural developments in the last quarter of the 19th cent. was originally built in 1929 as the North American North American
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see boophilusannulatus. Bank and was listed on the National Register of Historic Places This article is about the U.S. Register. For the National Register of Historic Places in Canada see Canadian Register of Historic Places.
The National Register of Historic Places in 1986.
Campo Architects successfully designed an adaptive re-use of the building, incorporated original art deco art deco (ärt dĕkō`; är dākō`, ärt) or art moderne (är môdĕrn`, ärt) architectural features into the final design and coordinated the building's historic preservation with the Historic Districts Landmarks Commission, State Historic Preservation Office and the National Parks Service.
"The service provided by Campo Architects was truly outstanding. They understand historic rehabilitation projects and are adept at working with the state's historic preservation office," said Bob Jackson
Robert 'Bob' Jackson , President of Reliance Housing Foundation and co-developer and managing general partner of 200 Carondelet. "Campo Architects added tremendous value to this project by making the process happen smoothly with the end result being the delivery of the credits as expected and in a timely manner."
About Campo Architects
Campo Architects is a 24-year old architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History
Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c. that is based in New Orleans, Louisiana and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada. Campo Architects is an award-winning firm with expertise in hospitality, medical, multi-family and corporate office design. The firm has a commitment to design excellence and consistent project management standards. Campo Architects offers its clients an integrated approach by understanding architectural implications, knowledge/expertise in construction and building code compliance, and a proven track record to deliver value.
Campo Architects is LEED-accredited and licensed in 22 states. The firm provides a full-range of specialized tax incentives services in addition to architectural, planning and design services for both new construction and renovation projects.
Campo Architects has been ranked in the top 25 hospitality design firms in the country. For more information, visit the company's Web site at www.jtcampo.com.
Note to editors: Digital photo of 200 Carondelet is available.