An Alembic is a device used in alchemy to transform common materials into rare and valuable ones. Alembic Community Development works to transform communities and to strengthen the nonprofit organizations that serve them.
Alembic is a community development company that invests in long-term partnerships in underserved neighborhoods through real estate development, organizational capacity building and community-based planning initiatives.
Myrtle Banks: Award for Excellence
The Louisiana Landmarks Society announced that the Myrtle Banks Building, Alembic’s rehabilitation of a historic former Central City school building, is a recipient of the Society’s 2015 Award for Excellence in Historic Preservation.
Alembic and partners, the Boys and Girls Club of Harlem and Monadnock Development LLC, broke ground on this historic renovation in mid-November. The Italian Renaissance-style, five-story school building opened in 1903, and served as an elementary school for 72 years.