In 2001, the Wheeling Stamping Building went from a vacant and dilapidated warehouse to the Global Operations Center of international law firm Orrick, Herrington, and Sutcliffe.
The rehabilitation of this site required the use of Brownfield Economic Development Initiative Funds, Historic Rehabilitation Tax Credits, and New Market Tax Credits – in addition to creative local financing and $2 million from Wheeling Heritage.
The partnership of the City of Wheeling, RED Partnership, and Wheeling Heritage pieced together a public/private funding package that included a HUD Section 108 loan, Infrastructure Council loan, a loan from a consortium of local churches, and private equity investors utilizing state and federal historic preservation tax credits.
The completed rehabilitation is an excellent example of creative solutions to unique restoration problems. The 80,000 square foot building had sat vacant for more than a decade. Masonry was deteriorated, windows were broken and the interior was damaged – leaving the building open to accelerated weathering and vandalism.
This successful renovation combines the building’s old architecture and historic industrial character with new technology and design.
