A vacant building in downtown Springfield that was nearly torn down has received $2 million in state historic tax credits that will be used to renovate it for apartments.
The total cost to renovate the Edward Wren Co. Building, more recently known as the McAdams Building, will be more than $15.3 million, according to the Ohio Development Services Agency.
The property at 31 E. High St was built in 1921 as a department store and bank in the heart of downtown Springfield, according to its tax credit application. It will be revitalized as 28 market-rate apartments with a ground floor restaurant space, the state agency says.
The project is one of 22 historic sites in 11 communities to share more than $28.3 million in Ohio Historic Preservation Tax Credits.