The Ohio Historic Preservation Tax Credit program has awarded $10 million to the 20 Federal Place project.

The Pittsburgh-based architectural firm Desmone made the announcement Thursday.

"We are thrilled to be part of this transformative project, and to bring much-needed economic growth to the people of Youngstown" said Desmone's President, Eric Booth, AIA. "The State Historic Tax Credit is one of the conditions that all investors and banks required in order to be involved in the project. We look forward to our continued progress with both our current and future partners."

The award contributes to the progress already made on the historic Strouss-Hirschberg Company Building. It is undergoing extensive remediation before eventually being redeveloped into retail spaces, apartments, offices, and a food hall.

"A $10 million dollar investment is huge, and I really want to emphasize my gratitude for all of the hard work of these private partners on the ground in Youngstown who helped secure this amazing opportunity," said State Rep. Lauren McNally. "I have consistently advocated for this project, both as a City Council Member and now State Representative, because I know how important it is to revitalize Youngstown and invest in the people here."

Desmone says the project will cost $82 million. The remediation is also funded in large part by an Ohio Brownfield grant awarded in 2022.