Sentences with phrase «apartment building developers»

Apartment building developers have a lot to worry about.

Not exact matches

Belmont - based property developer and construction company Diploma Group plans to build a $ 35 million, nine - storey residential apartment building in Scarborough, after buying two adjoining blocks of land along West Coast Highway.

Apartment developer Finbar Group has unveiled plans to build a three - tower residential complex in Applecross, with the project expected to fetch $ 350 million.

Trump Jr. will fly to the western city of Pune on Wednesday to meet his development partner after which he will be in Mumbai on Thursday attending a champagne reception with buyers of Trump apartments built in partnership with Lodha Developers.

The New York Central accomplished this by selling its «air rights» — a new thing at the time — to real estate developers who built neoclassical apartment towers that still line the city's Street of Dreams, the most exclusive residential enclave in America.

Perth property investor Stephen Lauder and Jandakot City developer Ascot Capital have completed their second joint venture purchase, with the $ 65 million acquisition of a serviced apartments building in Canberra.

Now developers are building upscale apartment buildings and retail on the border of the park.

A Canadian real estate developer has purchased a parking lot in East Village, and two historic homes on the site, for $ 9.2 million with plans to turn it into a 32 - story apartment building.

To criticize the Reagan housing policy is not to recommend returning to the time when the federal government built or subsidized for - profit developers to build the socially destabilizing, high - rise apartment complexes symbolized by the infamous Robert Taylor Homes on Chicago's South Side.

In 2008, a developer proposed to build a massive apartment complex and other residential units on the YMCA property near the park.

In a property tax case that could set a precedent for towns trying to lure developers, Arlington Heights is fighting the owners of an apartment building in a special taxing district who want to lower their property value assessment.

Spitzer is the son of the successful New York developer Bernard Spitzer, whose Spitzer Engineering built several famous residential properties including The Corinthian (once the largest apartment building in New York City) and 200 Central Park South.

The developer had pledged to make half the apartments in the building affordable if they got the zoning changes they were seeking, above the required 20 % minimum.

This played out during budget negotiations when the Rent Stabilization Association, which represents the bread - and - butter apartment building owners, and REBNY, which is more closely associated with mega developers and the commercial real estate industry, failed to agree on a common agenda to push for.

The new Affordable New York Housing Program lets developers of rental apartment buildings off the hook for property taxes for 35 years.

Real estate developer Mark Stagg is setting an example for other companies to follow, making a mint off the de Blasio administration's desperation for more housing for the homeless and its willingness to go along with a bait - and - switch on a proposed apartment building in the Bronx.

Alicia Glen, Mayor Bill de Blasio's deputy mayor for housing and economic development, told the City Council today that obligating developers who receive the controversial 421a tax break to pay construction workers prevailing wages could result in 17,000 badly - needed below - market apartments not getting built — and argued that the demand for low - cost housing trumps the call for union jobs.

Arne Duncan has $ 4 billion - plus to push privatization (on the day this blog is published, he will visit a charter school in Brooklyn that achieves remarkable results; I assume he will not visit the one in Queens that is housed in trailers in a muddy field, placed there to help a developer sell apartments in a not - yet - built building).

Still, his administration has insisted the current plan is the only way to create the most below - market apartments possible — developers simply can't afford to build any more or any cheaper, even with city subsidies.

Cohoes is offering a developer a generous package of tax breaks and other incentives to build an apartment building with ground - level storefronts there.

BROOKLYN — The developer behind the controversial plan to build a 1,146 - unit apartment complex in the Broadway Triangle slammed Brooklyn Borough President Eric Adams Friday for bowing to what they dubbed «anti-Semitic bullying,» by opposing the project.

On Friday, Adam's office recommended the city deny the Rabsky Group's plan to build the colossal eight - building complex, saying the developer shouldn't be allowed to go forward unless they build 24 more affordable apartments, chip in funds to fix the Flushing Avenue G train stop, commit to working with the Department of Transportation on street improvements and define in writing how many bedrooms will be in the apartments they build, among other recommendations released in a letter on Friday.

The plan calls for the creation of low - equity housing cooperatives, reinvesting in NYCHA housing, developing community land trusts, creating tax abatements for developers and entrepreneurs who bring business into Central Brooklyn and hire local residents must be encouraged to hire locally, offering quality careers to residents and a moratorium on wealthy developers being allowed to buy up apartment buildings and leave the units vacant.

Spinola, who served as the powerful Real Estate Board of New York's president for nearly three decades, remarked that Litwin's company, Glenwood Management, had defied convention by building larger apartments than most other developers.

The following month, Phipps Houses, one of the city's premiere affordable housing developers, withdrew its rezoning application to build a 209 - unit apartment building in Sunnyside, Queens, retreating after it became clear that local Council member Jimmy Van Bramer could not be convinced to support the project.

The developer also reached a 40 - year agreement with the city's Department of Housing Preservation and Development to keep the units affordable and pledged to upgrade building security, lighting and apartment interiors.

The law firm that helped de Blasio avoid corruption charges — costing taxpayers $ 2.6 million — is now representing a developer that wants city permission to build an extra-tall luxury apartment tower on the Upper East Side.

NYCHA plans to offer private developers a chance to build mixed - income towers on underused parcels to stabilize the agency's finances and create apartments for poor tenants.

After a two - year fight between the small group of residents at a Brooklyn senior citizens residence and the developer who owns the building, a $ 3.35 million settlement was reached this week, paying each of the holdouts — whose ages range from 91 to 101 — more than $ 500,000 but forcing them to leave their apartments by the end of the summer.

Less drastic, but more surprising, are conditions in an apartment building on E. 162 St. that led to a tenant protest against one of the city's biggest developers and managers of affordable housing.

Developers Washington Square Partners and Acadia's original plans for the 4650 Broadway project site — which were voted down by Community Board 12 in March after community backlash — included a 23 - story building with 372 rent - stabilized apartments.

Current plans for the 138,00 - square - foot building on Bedford Avenue and Union Street would allow developers at BFC Partners to build a recreation facility inside the armory; market - rate and affordable rental apartments on top of the existing structure; and a row of private condominiums BFC would own and, presumably, sell.

Jorge Madruga's Maddd Equities is in contact to buy a self - storage warehouse at 202 Tillary Street in Downtown Brooklyn, a site the developer wants to rezone to make way for a pair of apartment buildings with 262 units.

Forty senior apartments will occupy the building's three floors, and in accordance with HUD HOME Rent Limits 2015 requirements the developer will certify annually that resident incomes are between 50 % and 60 % of the median income in the City of Buffalo.

He also is teaming up with Thomas Montante's T.M. Montante Development to create a new residential neighborhood at Gates Circle, and has worked with smaller local developers like Matthew Cherry and Anthony Cutaia to buy or construct several apartment buildings in the Buffalo area.

Advocates of affordability, however, argue that the bargaining process has become a game of chicken between the city government and the developer, with the latter threatening not to build at all if the former seeks to force too many below - market apartments.

Milwaukee County Executive Chris Abele is backing a combined hotel and apartment building proposed by developer Rick Barrett for the Downtown Transit Center site at 909 E. Michigan Ave., Milwaukee.

City Council member Ritchie Torres has criticized the New York City Housing Authority's plan to let private developers build apartments on city land as...

But as the city's economy recovered, legislators tinkered with the regulations, requiring developers in popular neighborhoods to set aside 20 percent of their apartments for low - and moderate - income tenants in order for the building to qualify for the tax break.

The developer has agreed to make extensive retrofits to its Manhattan apartment buildings Liberty Plaza, Hawthorne Park and The Sage and inspect six other properties.

Those developers used hundreds of private LLCs — named for everything from individual apartment buildings to parking garages — to make those donations.

Miner sued COR Dec. 15, alleging that the Fayetteville - based developer broke a promise not to seek tax breaks for its construction of hotels and apartment, retail and office buildings at the harbor, a former Barge Canal terminal in the city's lakefront area.

Miner sued Cor on Dec. 15, 2015, alleging the Fayetteville - based developer broke a promise to the city not to seek tax exemptions for its construction of hotels, apartments, and retail and office buildings at the harbor.

The developers are planning a 23 - story, mixed - use building that will set aside 30 percent of its 355 units as affordable apartments.

Amherst Supervisor Dr. Barry Weinstein said the project to convert the 6,000 squarefoot building into a pair of apartments, with possible retail space on the ground floor, would renovate a historic structure in downtown Buffalo and noted that the developers, Peter and Rebecca McCauley, had warned that the work wouldn't proceed without the incentives.

The real estate industry is desperate to renew a tax break known as 421 - a, which spurs new apartment building development, and Assembly Speaker Sheldon Silver says developers won't get that renewed unless they agree to change the rent laws.

And since they purchased the properties, both developers have been dragging their heels in complying with Read Property Group's pledges to hire local residents, build 24 percent affordable apartments and to build three bedroom apartments, according to community advocates and local City Councilman Antonio Reynoso's office.

Under the original de Blasio proposal, MIH would have changed zoning laws citywide to obligate developers to set aside a percentage of apartments for middle and lower - middle class tenants in new buildings.

Council Speaker Melissa Mark - Viverito announced a new compromise with Mayor Bill de Blasio that will allow his sweeping plans to create affordable housing across the city to go forward — but with even more requirements for developers to build below - market apartments.

They include JDS Development Group's 1,000 - foot tower at 247 Cherry St.; 62 ad 69 story towers from L+M Development Partners and the CIM Group at 260 South St.; and a 62 - story building by the Starrett Group at 259 Clinton St.. The developers have promised to set aside 25 % of the apartments in their buildings for low - income households.