Fencing surrounds three East Cherry Street buildings that could be demolished as early as next week.
Continue reading E. Cherry Street buildings prepared for demolition
Tag Archives: The Gramercy
Demolition looms for East Cherry project
Demolition of a string of East Cherry Street buildings could begin by the end of the month, making way for construction later this year of a 45-unit project called The Gramercy.
Demolition on E. Cherry targeted for next month
The developer of a 45-unit project aims to begin demolition of existing buildings along East Cherry Street by next month to allow construction to begin before winter.
Continue reading Demolition on E. Cherry targeted for next month
City Council approves Gramercy 20-year PILOT
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
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
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.
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
The Gramercy project moving forward
A 5-story, 45-unit project on East Cherry Street is moving ahead, including property transfers, a redevelopment agreement and discussions on a Payment In Lieu Of Taxes (PILOT).