Epsilon Contributes to Successful Rehabilitation of Merrick-Phelps House
November 29, 2017
DevelopSpringfield recently completed its rehabilitation of the Merrick-Phelps House, once home to the inventor of the monkey wrench, Solymon Merrick. Located on Maple Street in central Springfield, the Greek Revival-style home was built in 1841. After decades of deferred maintenance, the property was abandoned in 2007. Attracting vandals and squatters whose activities further compromised its integrity, the house was threatened with demolition as a matter of public safety. Recognizing the building’s significance, DevelopSpringfield acquired the property and launched an ambitious effort to reclaim it from ruin.
Epsilon was pleased to be part of the team dedicated to saving this important architectural resource. DevelopSpringfield entrusted Epsilon to help secure the crucial historic rehabilitation tax credits that brought the project to fruition. In November 2017, DevelopSpringfield received a Massachusetts Historical Commission Historic Preservation Award for its work on the Merrick-Phelps House, which now serves as office space for the organization and other local non-profit agencies.
For more information on Epsilon’s historic tax credit services, please visit our website.