Justin Pregont

rural/historic real estate developer and operator. Lifelong Atchisonian.

[Justin Pregont @justprego]

A re-intro for #ReTwit:

I develop and operate historic real estate in rural Kansas downtowns.

We're able to make it work thanks to the development incentives offered by @kansashistory (tax credits), @Kansas_Housing (grant support), and @KansasCommerce (tax abatement) (1/5)

[Justin Pregont @justprego]

@NPNowClem @CityofAtchison In my estimation (and I think the research backs me up on this) pedestrian malls work where there are already a very high number of pedestrians. They do not induce pedestrian traffic.

[Justin Pregont @justprego]

@TheDukeofDirt We typically try to do this but not all telecom providers are interested in offering bulk pricing.

[Justin Pregont @justprego]

@JohnJBlatchford Preach

[Justin Pregont @justprego]

@mu2myoc GP housing developer using historic tax credits and grants to deliver uniquely higher end projects in small, but stable rural Kansas towns. The markets I work in rarely see any new apartment supply, but retirees, nurses, teachers, etc.. will pay up for high quality apartments.

[Justin Pregont @justprego]

Making this into something valuable, desirable, and beautiful is >>>>

[Justin Pregont @justprego]

Many people look at a photo like this and see something that should be torn down.

I see irreplaceable character and features that can’t work in a new construction project. I see something worth saving.

Everyone sees the pigeon carcasses.

[Justin Pregont @justprego]

@RyanLohbauer @ReedStBuilders Amazing building. Would love to see some interior shots as well.

[Justin Pregont @justprego]

@qwertypopper 13 units
~$2.7 million renovation
State and Federal historic tax credits made it possible.

[Justin Pregont @justprego]

How it started vs. how it's going.

Central School Apartments in downtown Atchison, KS.

#retwit

[Justin Pregont @justprego]

@khzny https://t.co/QngsYW5nNo

[Justin Pregont @justprego]

How it started vs. how it's going.

Central School Apartments in downtown Atchison, KS.

#retwit

[Justin Pregont @justprego]

IYKYK #ReTwit

[Justin Pregont @justprego]

@DallasAptGP Have spent some time on the 45L credit recently as well. My challenge is finding a firm to work the evaluation for 17/12/13 unit projects. I think I’ve finally found a home, but like most incentive programs downscaling is tough.

[Justin Pregont @justprego]

I love working on projects that restore high quality historic building materials like poured in place terrazzo floors.

Central School Apts opens next week in Atchison, KS featuring ~6k sf of halls/stairs with 1938 terrazzo floors ($120k-480k replacement cost). #Retwit

[Justin Pregont @justprego]

@harrisonfinberg The only angle I could think of is if your jurisdiction has adopted the International Existing Building Code? Even so if it’s not gurney size hard to see them bending on that one.

[Justin Pregont @justprego]

@torysheffer @DallasAptGP @multifamwealth Central School Apartments. Atchison, Kansas. 13 units. Opening next week!

[Justin Pregont @justprego]

@torysheffer @DallasAptGP @multifamwealth Frontier Apartments project. Hays, Kansas. 12 units in a historic catholic school building.

[Justin Pregont @justprego]

@DallasAptGP Definitely don’t put OZ in the name unless you want a bunch of solicitations.

[Justin Pregont @justprego]

@mckinley_scott Blinds dot com. Average size is about 4’ x 8’ and they were ~$100 each (no install).

[Justin Pregont @justprego]

anyone on #REtwit have experience with large window treatments? This is a 1938 elementary school we’re converting to apartments. Each window slot is ~4’x8’. Blinds that size seem like they’d be too heavy. Any recommendations on a shade product?

[Justin Pregont @justprego]

@financeguy725 @_apryor I’m not sure whether I should be outraged or ask you to be my therapist.