A 76-unit rehabilitation of a historic sugar refinery next to Christ Church was the first property in America to be developed residentially under the 1976 Tax Reform Act, which served to help revitalize thousands of inner-city buildings throughout the United States in the 1970s and 1980s. It was the first major, mixed-use rehabilitation project in Old City and has been recognized as the catalyst for the rehabilitation and recycling of obsolete buildings into thousands of apartments in Philadelphia and other inner cities.

The Sugar Refinery won the First Historic Preservation Commendation by the Commonwealth of Pennsylvania and The Certificate of Modernization Excellence by Buildings, and was featured in National Real Estate Investor, Multi-Housing News and other national publications.