The hotel and commercial space on the first four floors of Sky View at Carriage City Plaza sold for $5 million early this year.
A multi-year tax appeal settled for the commercial and hotel space at Carriage City Plaza yielded a combined refund of $85,000, a reduction of about 12.5 percent of its tax bill over the four disputed years.
A new hotel for Carriage City Plaza, renaming a downtown space as Tesla Square, and a pop-up youth community center were among the highlights of the 2017 State of the City address on Thursday night.
There is renewed interest from a developer in the Sky View at Carriage City Plaza building downtown.
A series of improvements are in the works at Sky View at Carriage City Plaza, including a new, separate hotel lobby entrance, kitchen and bar service, and rooftop deck.
Negotiations on the sale of Carriage City Plaza, including the 102-unit hotel that’s been vacant for 2 1/2 years, have fallen through with the leading potential buyer.
There are more than 300 residential properties on the city’s foreclosure registry, as of Sept. 1, including almost 100 vacant properties.
The tax assessment for Meridia Water’s Edge is more than $8 million, 20 percent higher than what I estimated a few years ago before construction began. That means the disparity in would-be property taxes versus the Payment In Lieu Of Taxes (PILOT) is even wider than I originally projected.