Without comment from the public or its members, City Council on Monday night unanimously adopted a 20-year Payment In Lieu Of Taxes (PILOT) for The Gramercy.
Continue reading City Council approves Gramercy 20-year PILOT
Category Archives: Downtown
Gramercy PILOT would shave $100k off tax bill
A proposed PILOT for The Gramercy would stipulate an annual fee of $78,000, about twice as much as the properties currently generate in taxes but about $100,000 less than what the completed project might pay.
Continue reading Gramercy PILOT would shave $100k off tax bill
Meridia Water’s Edge sells for $29.3 million
Meridia Water’s Edge, a 108-unit rental building that began leasing two years ago, has sold for$29.328 million, or about $271,556 per unit.
Continue reading Meridia Water’s Edge sells for $29.3 million
30-year PILOT considered for The Gramercy
The developer of a 43-unit East Cherry Street project has requested a 30-year Payment In Lieu Of Taxes (PILOT) to be considered by City Council.
Best Independent Blog
Well, we’ve done it again.
Retail comings and goings during Q1
Let’s take our quarterly look at retail and commercial turnover.
Parking dispute nears final settlement
A dispute over downtown parking should be officially settled by next month, which could pave the way for groundbreaking on the 208-unit Main & Monroe project as early as this year. Continue reading Parking dispute nears final settlement
Designs tweaked for Tamarand project
Designs for a 43-unit project proposed for East Cherry Street that includes some new construction and some rehabilitation will be revised and presented to redevelopment officials as early as this week. Continue reading Designs tweaked for Tamarand project