Monarch Private Capital Secured Historic Tax Credits
The firm finalized a tax credit investment to support the $22.6 million redevelopment of two historic buildings in Kansas City.
Updated on Oct. 13, 2026 in Construction
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Monarch Private Capital has closed a federal Historic Tax Credit investment for the ABC & Anderson redevelopment project at 3244 Main Street in Midtown Kansas City. The initiative will transform two historic structures into a single mixed-use property featuring 52 residential units.
Why it matters
The investment facilitates the preservation of buildings listed on the National Register of Historic Places while fostering urban density through new housing and commercial activity. This financial model supports rehabilitation efforts that maintain historical character while providing modern amenities.
The redevelopment project is expected to create 204 jobs and generate $22.6 million in total economic output. It specifically aims to deliver 52 residential units along with ground-floor commercial space.
The players
Monarch Private Capital
This investment firm specializes in federal and state tax credit programs, particularly those focused on historic rehabilitation and affordable housing.
Exact Holding II, LLC
This entity serves as the project developer responsible for the architectural and structural rehabilitation of the historic site.
The details
Developer Exact Holding II, LLC is connecting the 1908 ABC Storage & Van Company Warehouse and the 1911 Anderson Electric Car Company Building to maximize utility. By rehabilitating existing structures, the project aims to minimize construction waste while adding rooftop amenities to the Midtown site.
Timeline
The ABC Storage & Van Company Warehouse was constructed in 1908.
The Anderson Electric Car Company Building was completed in 1911.
Monarch Private Capital closed the tax credit investment on October 13, 2026.
The redevelopment is slated for completion and service in Q2 2027.
Market Landscape
This development follows a growing trend of utilizing the federal Historic Tax Credit program to revitalize urban cores by repurposing aging industrial assets. It positions Exact Holding II, LLC to leverage tax-advantaged financing to convert dormant properties into competitive mixed-use inventory.
Local residents can anticipate the addition of 52 new residential units to the Midtown area upon the project's scheduled 2027 completion. The development will also introduce new ground-floor commercial space, potentially increasing the variety of local businesses and services available to the community.
The takeaway
Historic preservation projects can serve as powerful engines for local economic growth when paired with targeted tax incentives. Homebuyers and investors should monitor how adaptive reuse projects reshape neighborhood infrastructure in historically significant districts.
What happens next
The redevelopment is scheduled to be completed and placed into service in Q2 2027.
Further reading
For more information on ongoing urban development projects, visit Kansas City Construction.
Live Poll
Do you support repurposing historic local buildings into modern residential housing?
