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City of Atlantic Awards $8,000,000 Tax Credits Contract to Odin Properties (February 2025)

City of Atlantic
Disclosed value
$8,000,000
From agenda
Approved
Feb 12, 2025

The 30-second brief

What it covers

Odin Properties awarded up to $8 million in State Historic Tax Credits for the Schwehm Building project, with a total project cost of $22.5 million. The project, located at One South New York Avenue, aims to convert office space into 56 apartments and two commercial spaces, with construction planned to start in early 2025.

Who holds it

Odin Properties holds this tax credits contract with City of Atlantic. Its other public contracts on record include work for Philadelphia Housing Authority.

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Contract details

Contract type
Tax Credits
Amount
$8,000,000
Document date
February 12, 2025
Term
NA
Vendor
Odin Properties
Agency
City of Atlantic
Source document
atlantic-city-historic-preservation-commission-agenda-february-12_ac1.pdf (Agenda)

Odin Properties's other public contracts

City of Atlantic, New JerseyOdin Properties Awarded Credits For Schwehm Building · Feb 11, 2026City of Atlantic, New JerseyTax Credits For Odin’s YMCA Redevelopment · Feb 11, 2026Philadelphia Housing Authority, PennsylvaniaPHA Awards Vouchers to Odin Properties for Housing · Apr 17, 2025UndisclosedCity of Atlantic, New JerseyOdin Properties awarded $8M tax credits for Schwehm Building redevelopment · Apr 9, 2025UndisclosedCity of Atlantic, New JerseyOdin Properties awarded $10M+ tax credits for YMCA Building redevelopment · Apr 9, 2025UndisclosedAll Odin Properties contractsVendor profile

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Questions about this contract

Who was awarded the tax credits contract by City of Atlantic?

Odin Properties was awarded this tax credits contract by City of Atlantic, as recorded on February 12, 2025. The contract value is $8,000,000.

How much is the Odin Properties contract with City of Atlantic worth?

The Odin Properties contract with City of Atlantic is valued at $8,000,000, covering tax credits work.

What type of contract is this?

This is a Tax Credits contract, documented as a agenda record.

Where was this contract approved?

This contract appears in atlantic-city-historic-preservation-commission-agenda-february-12_ac1.pdf (Agenda), dated February 12, 2025 from City of Atlantic. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Odin Properties hold?

Odin Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Atlantic currently buying?

Explore City of Atlantic's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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