The Economic Impact of Preserving Historic Buildings

GBX Group has engaged Rutgers Edward J. Bloustein School of Planning and Public Policy to study the economic impacts of GBX’s historic preservation properties in urban markets throughout the U.S. The school is one of the nation’s key centers for the theory, practice, and research of these impacts through the deployment of their proprietary R/ECON™ input-output (I-O) model. Rutgers has long been involved in the study of the economic impacts of historic preservation, having produced the Annual Report on the Economic Impact of the Federal Historic Tax Credit for the National Park Service. GBX has also partnered with PlaceEconomics to complete impact studies in Columbia, SC and Columbus, OH.

Efird
Efird Building

The Efird Building, a three-story brick structure in Winston-Salem, stands as a testament to the city’s commercial and architectural history. Built by Francis B. Efird and later operated by his sons, it housed the city’s oldest grocery store until 1955.

Tudor Arms
Cleveland Club (Tudor Arms)

Constructed in 1929, the Cleveland Club - later known as the Tudor Arms - reflects the Tudor and Gothic Revival styles of architecture. Designed by Meade & Hamilton, the eleven-story, steel-frame building is clad in brick and limestone, accented with carved stone detailing, octagonal turrets, and a crenellated parapet. 

Arcade Building
Arcade Building

Constructed in 1912, the Arcade Building reflects the Italian Renaissance Revival style of architecture. It has a terra cotta and marble facade with an iron and reinforced concrete structural system. Columbia’s only arcade, it is a two-story, L-shaped building with facades on both Main and Washington streets.

Historic Powell Furniture Store
Powell Furniture Store Impact Report

The Powell Furniture Company Building is comprised of architectural office space and hospitality space. Hotel Trundle, the first independent boutique hotel...

INVESTING FOR TODAY, PRESERVING FOR TOMORROW
Investing for Today, Preserving for Tomorrow