All but a handful of temporary certificates of occupancy (TCO) have been issued for the 298-unit first phase of Meridia Brownstones.
Tag Archives: The Brownstones
Agreement sets new timeline for Meridia Brownstones
Phase one of The Brownstones would have to be completed in its entirety by September while phase two would begin construction by July, be completed by the end of 2022, and include six affordable units, according to changes approved to the redevelopment agreement.
Continue reading Agreement sets new timeline for Meridia Brownstones
Episode 2: Happy anniversary
New redevelopment agreement for Brownstones
A new redevelopment agreement for the second phase of The Brownstones development could come up for approval as early as next month.
Continue reading New redevelopment agreement for Brownstones
PILOTs in the 2020 municipal budget
Payments In Lieu Of Taxes (PILOT) are anticipated to account for $1.385 million in the 2020 municipal budget.
Second phase of Brownstones up in the air
The first phase of The Brownstones, about a third of the overall units approved for construction, is closing in on completion but phase two will remain up in the air for the foreseeable future.
Executive order halts construction
One redevelopment project will have to wait to break ground and another may have to halt certain aspects of construction, under an executive order issued by the governor to try to contain the spread of the novel coronavirus (COVID-19).
A closer look at PILOTs
Recent downtown development projects have a mixed bag when it comes to reaching Payments In Lieu Of Taxes (PILOT) levels anticipated in their original financial agreements.