The historic Wiley Building in Hutchinson, Kan., has been renovated, including the development of 40 affordable housing units, announced WNC.
A national investor in real estate and community development, WNC provided $7.5 million in low-income housing tax credit (LIHTC) equity to fund the adaptive reuse of the building, which was built more than 100 years ago. Reintroduced as Wiley Plaza, the eight-story building is comprised of ground-floor and mezzanine retail space, five floors of affordable housing units. There are two floors, plus a penthouse, of market-rate apartments. Wiley Plaza also includes a new multi-level parking garage with 104 parking spaces.
Wiley Plaza’s one-, two- and three-bedroom affordable housing units are open to individuals and families. Common amenities of the elevator-equipped building include on-site management, a community room, fitness center, computer center, elevators, and security cameras.
The building was originally built in 1913 and was expanded twice in the 1930s. In addition to serving as a dry goods store, the upper floors used to be rented as office space. The project is located adjacent to the historic Fox Theater in Hutchinson’s downtown historic district.
Wiley Plaza was re-developed by Manske & Associates. The project also received financing from Historic Preservation Partners, First National Bank, Kansas Housing Resources Corp., and the city of Hutchinson.