Invictus Development has purchased two historic buildings in downtown Selma, Alabama with the goal of renovating both to their historic significance. The Adler Furniture building, built in 1860, and The Harmony Club, built in 1908 are the first of hopefully several historic renovations in downtown Selma.
Invictus has partnered with:
Williams Blackstock, an experienced historic building architect out of Birmingham, Alabama
Civil SE, an Alabama based civil engineer
The Lathan Company, a well-established historic renovation contractor
Stephen McNair, a master historic tax credit consultant.
The capital stack with include Federal and State historic tax credits, New Market tax credits, as well as lender, investor, or opportunity zone equity. The buildings will host a variety of commercial and residential uses.