Monarch Capital Financed Kansas City Historic Project

The firm closed a tax credit investment to fund the rehabilitation of two midtown properties into mixed-use space.

Updated on Oct. 13, 2026 in Construction

Monarch Capital Financed Kansas City Historic Project

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Monarch Private Capital finalized a federal Historic Tax Credit investment to support the redevelopment of the ABC & Anderson site in Kansas City. The project will transform two registered historic buildings into 52 residential units and commercial space.

Why it matters

The investment enables the preservation of 1908 and 1911 structures while facilitating urban density in Midtown Kansas City. It illustrates how tax credits bridge financing gaps for developers undertaking complex historic rehabilitation projects.

The project is expected to generate $2.4 million in federal Historic Tax Credits and support 204 jobs. The redevelopment project anticipates a total economic output of $22.6 million.

The players

Monarch Private Capital

An investment firm specializing in federal and state tax credit financing for real estate and renewable energy projects.

Exact Holding II, LLC

The real estate development entity responsible for the structural rehabilitation and operational planning of the Midtown Kansas City site.

The details

Developer Exact Holding II, LLC will connect the 1908 ABC Storage & Van Company Warehouse and the 1911 Anderson Electric Car Company Building at 3244 Main Street. The rehabilitation process aims to integrate ground-floor commercial space and rooftop amenities while preserving original structural materials to minimize construction waste.

1908: ABC Storage & Van Company Warehouse construction.
1911: Anderson Electric Car Company Building completion.
October 13, 2026: Monarch Private Capital closed the tax credit investment.
Q2 2027: Expected project completion and service date.

Market Landscape

The project leverages the federal Historic Tax Credit program to offset rehabilitation costs for buildings listed on the National Register of Historic Places. This model follows an industry trend of adaptive reuse in dense urban corridors where historic structural preservation is a regulatory requirement.

Developers and property managers should track how tax-advantaged financing impacts project feasibility for mixed-use sites in established neighborhoods. Consider if existing older properties in your portfolio qualify for historic designations that could unlock similar capital incentives.

The takeaway

Historic tax credits provide a critical mechanism for offloading the high costs associated with preserving original building materials in urban centers. Operators should monitor the completion date in Q2 2027 as a benchmark for the project's timeline and overall economic delivery.