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Artspace Tannery Lofts

An Artistic Rebirth in a Cultural Capital

1050 & 1060 River Street Santa Cruz, CA, 95060

Overview

In the late 1990s, Santa Cruz was a highly desirable tourist destination with a strong arts and culture community. But as the housing costs increased, few young artists could afford to stay.In 2001, Ceil Cirillo, Executive Director of the Santa Cruz Redevelopment Agency persuaded civic leaders to approve the plan to transform Salz Tannery into an arts complex to anchor and preserve Santa Cruz's strong cultural identity well into the future.

Today, Artspace Tannery Lofts provides 100 units of affordable live/work space in two separate buildings, for artists and their families, a mile from downtown Santa Cruz. The completed lofts were phase 1 of a two-phase development plan for the 8.3-acre Tannery Arts Center Campus on the San Lorenzo River.

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COMMUNITY PARTNERS

The City of Santa Cruz

FINANCING
California Tax Credit Allocation Committee, City of Santa Cruz Housing Trust Fund, City of Santa Cruz Redevelopment Agency, County of Santa Cruz Housing Trust Fund, RBC--Apollo Equity Partners, J.P. Morgan Chase, and Federal Home Loan Bank Affordable Housing Program

FUNDERS
U.S. Bancorp Foundation, Washington Mutual Foundation, and Wells Fargo Foundation

2009

Total project cost

$42.4 M

Total development cost

$35.4 M

Live/work units

100 units

Total area

180,000 sq. ft.