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.
Not exact matches
(In a
development that mirrors one plot line from The Circle, Facebook announced plans in October for an entire
apartment complex to be
built on its California campus.)
Construction is also underway or near completion in Florida on townhomes in Boca Raton and an
apartment building joint venture in West Palm Beach, among other
developments in progress.
Construction and
development company Diploma Group will develop a four - level 24 -
apartment building in Subiaco, with a combined value on completion of $ 16 million.
If a
development filled with luxury
apartment buildings is not perceived as «international,» it will not be nearly as desirable to prospective buyers, the real - estate agent explained.
Plans have been lodged for the first major project under the City of Melville's newly adopted guidelines for the Canning Bridge area, with Stirling Capital submitting an application to
build a two - tower, 232 -
apartment development facing Ogilvie and Kishorn roads.
Airbnb has teamed up with Newgard
Development Group to
build an
apartment complex with 324 units specifically designed for home - sharing.
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.
Iconic
buildings and landmarks appear, but also the compelling geometries of suburban housing
developments,
apartment complexes, commercial hubs, entertainment and financial centers, as well as airports and shipping terminals.
Construction at Greenland's Jade Palace
development was suspended in November while the company considered revising the project density to
build more, but smaller
apartments, according to a sales agent with knowledge of the project.
Extell
Development just scooped up another low - rise
apartment building in Yorkville, across the street from its 20 - story condominium project.
The number of new
build apartment developments in Moscow is set to reach nine - year high, say consultants, while overseas property spending by Russians has hit a new low.
It could be a new
apartment development or a commercial
building.
He drives by the two
apartment complexes his real estate and
development company has
built.
Instead of moving to warmer climates, the majority are remaining in their own homes or moving into the downtown condominium /
apartment developments in order to stay close to family and friends and live in the towns they helped
build.
In 2008, the Village of La Grange approved a
development plan for Atlanta - based Atlantic Realty Partners to
build apartments, townhomes and retail space on the corner of La Grange Road and Ogden Avenue.
On Tues., Mar. 20th, during its full Executive Committee meeting, CB12 formally passed the resolution that sought to limit the New York City Economic
Development Corporation's large - scale plan for rezoning great expanses of Inwood that would include high - rise, market - rate
apartment buildings.
Empire State
Development President, CEO & Commissioner Howard Zemsky said, «The Better Buffalo Fund was created to support vibrant, mixed - use communities like the Niagara Gateway
Apartments, which brings a vacant
building back to life to provide affordable housing on Buffalo's West Side.»
(The company, MJM Construction, never received the money because the
apartments were never
built, and they no longer own the land, which is still slated for housing
development.)
The construction of the Gateway
building will not only support and strengthen the Village's vibrant main street community, but it will also grow economic opportunity in Tioga County, by offering retail space to encourage commercial
development, as well as, residential apartments that will increase the population and consumer base in the downtown,» said Brittany Woodburn, Economic Development Specialist with Tioga C
development, as well as, residential
apartments that will increase the population and consumer base in the downtown,» said Brittany Woodburn, Economic
Development Specialist with Tioga C
Development Specialist with Tioga County ED&P.
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.
While members of the not - for - profit have been regular critics of Paladino and his role on the Buffalo Public School Board, Washington said this particular protest concerned Ellicott
Development's role in the «gentrification» of Buffalo by
building luxury
apartments with public funds that could be used for affordable housing.
Onondaga County officials said the planned dredging operation will help spur continued economic
development of the harbor, a once - vacant tract where hotels,
apartments and office
buildings are being
built.
City neighborhood and
development commissioner Paul Driscoll doesn't think there are any other housing projects like it in the city: a mix of market rate
apartments with affordable
apartments in one
building.
The pool of affordable housing in Syracuse is growing with the
development of four multi-family
apartment buildings along the James Street corridor.
Astorino asked the question to the reader: «Do you think it is a good idea to give the Department of Housing and Urban
Development unchecked power to put an
apartment building in your neighbourhood?»
A FLREDC priority project, the phased, $ 200 million project broke ground on the major $ 100 million phase of the
development that includes the construction of 96 creatively designed luxury
apartment homes on the 9th through 12th floors, retail on Main Street, office space in the mid-rise, mixed income and active senior living
apartments, and a complete rehabilitation of the entire facade and windows of the
building.
The city of Milwaukee's Zoning, Neighborhoods &
Development Committee voted unanimously Tuesday to designate an
apartment building at 845 N. 25th St. as blighted.
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 Erie County Industrial
Development Agency approved tax breaks Ellicott
Development's plans to renovate a century - old former General Electric Co. warehouse where Busti Avenue and Niagara Street intersect along Sinatra & Co.'s proposal to renovate the former Phoenix Brewery
building on Ellicott and Virginia streets and Paul Kolkmeyer's concept of transforming the former Stanton Building at 251 Main St.. All are anchored by market rate apa
building on Ellicott and Virginia streets and Paul Kolkmeyer's concept of transforming the former Stanton
Building at 251 Main St.. All are anchored by market rate apa
Building at 251 Main St.. All are anchored by market rate
apartments.
Converting older
buildings into residential units is part of deliberate economic
development strategy by Brown, who wants at least 2,000 more
apartments, condos and townhouses to come on line in downtown during the next three years.
Ellicott
Development wants to turn the upper floors of the Busti Avenue
building in 18
apartments while allowing for commercial projects to take hold on its lower two floors.
Many of the
buildings that would be affected — known as Housing
Development Fund Corp., or HDFC, co-ops — were created in the 1980s and 1990s in an effort to boost homeownership among lower - income families, with people living in city - owned
buildings able to buy
apartments for $ 250 each.
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.
The number of
apartments allowed to be
built on a one - acre property doubled from 6 per acre to 12 per acre — with a 24 unit cap on each
development — last year when the Town Board approved Mr. Russell's proposed code change aimed at encouraging affordable housing.
The park's board — chaired by Alicia Glen, deputy mayor for housing and economic
development — will vote on a proposal, which has been modified since its introduction, to
build two towers that include 100 below - market - rate and 266 high - end
apartments at Pier 6 in the waterfront park.
Corning - Arbor Housing and
Development is pleased to announce that we have received $ 4.7 million to
build a new 60 - unit
building on the site of Meadowbrook
Apartments in Corning, NY.
Development in Buffalo is about to have new rules, ranging from how many parking spaces are required for
apartments to how tall
buildings can be.
That makes it easier for COR
Development to proceed with its $ 342 million project, which includes a 134 - room Aloft Hotel that is scheduled to open May 31 and construction of two mixed - use
buildings with
apartments and retail space.
NEW YORK — Governor Andrew M. Cuomo, Mayor Bill de Blasio, and Attorney General Eric T. Schneiderman today announced that the Department of Housing Preservation and
Development (HPD) issued letters notifying owners of 178 residential
buildings — with a total of 1,400 rental
apartments — that their 421 - a tax benefits will be revoked retroactively if they don't comply with the requirements of the 421 - a program, including registering their
apartments as rent - regulated.
Eliot Spitzer and the Related Companies are joining forces to
build a 1.4 million - square - foot
apartment - and - office
development on a pair of adjacent sites they own in Hudson Yards, The Real Deal has learned.
New York State Homes and Community Renewal (HCR) today announced $ 2.4 million in awards to
build or rehabilitate two affordable housing
developments with 48
apartments in Central New York that complements Governor Andrew M. Cuomo's Upstate Revitalization Initiative and the region's «Central NY Rising» comprehensive blueprint to generate economic growth and community
development.
In the 1950s he became interested in real estate
development and began
building high - rise
apartment buildings on the Upper East Side.
A pair of Buffalo projects that would turn abandoned school
buildings into a 53 market - rate
apartments are getting tax breaks from the Erie County Industrial
Development Agency.
The Erie County Industrial
Development Agency gave preliminary approval to a new county - wide policy that would place additional restrictions on tax breaks for senior housing projects, especially those that would
build market - rate
apartments aimed at middle - and upper - class seniors.
Ellicott
Development is proceeding with its conversion of the former School 56 on West Delavan Avenue into a new
apartment building, and plans to seek tax breaks from the Erie County Industrial
Development Agency, after the Buffalo Planning Board gave its assent to the project this week.
Paul Snyder
[email protected] A Madison
development firm is willing to design a house - sized pocket in the middle of a new
apartment building to preserve a Frank Lloyd Wright - designed home on the site.
To preserve our affordable housing, the Department of Housing Preservation and
Development will lead extensive outreach to owners of rent - regulated
apartment buildings to persuade them to take advantage of loans and tax incentives that extend affordability and finance essential repairs.
This map shows new streets that Cor
Development plans to
build around its
apartment buildings on the west shore of the Syracuse Inner Harbor.
City officials say the
apartment building would violate state fire regulations, said Paul Driscoll, the city's commissioner of neighborhood and business
development.