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Manufacturers Hanover in Olean, NY to Undergo $12M Renovation
After sitting vacant for nearly 25 years, the 105 year old Manufacturers Hanover Bank Building in Olean, NY is set to undergo a $12M renovation. The 7-story structure will converted to mixed-use to include apartments and retail space. CMC has been retained by the construction lender and the tax credit equity investor to perform a property condition review, upfront plan and cost analysis, as well as ongoing site inspections and construction progress monitoring services.
After sitting vacant for nearly 25 years, the 105 year old Manufacturers Hanover Bank Building in Olean, NY is set to undergo a $12M renovation. The 7-story structure will converted to mixed-use to include apartments and retail space. CMC has been retained by the construction lender and the tax credit equity investor to perform a property condition review, upfront plan and cost analysis, as well as ongoing site inspections and construction progress monitoring services.