“The V Hotel will feature 80 luxury guest rooms, a full service restaurant and bar, and meeting spaces in an eight story structure” Noam Bramson

Project Data*

Building
Budget: $0
Studios: 0
1BR: 0
2BR: 0
3BR: 0
Affordable: 0
Total: 0
Parking: 
Stories: 7
Retail Space:  sqft
Occupancy
Residents: 0
Students: 0
School: Trinity

Jobs
Construction: 
Permanent FT: 
Permanent PT: 
Dates
Status: Zoning Approved

Planning Board Approval: 2/23/2016
IDA Approval: 
Constr. Start: 7/21/2017
Length: 14 months
Completion: 
Tax Incentives
"As Is" Tax: $
Full Property Tax: $
PILOT: $0
Owner Savings: $
PILOT (yrs): 

Mortgage Tax Exemption: $0
Fair Share Mitigation: $

Data Last Updated: 9/3/2018

*Data listed here is subject to change. FOIL/FOIA requests are pending to obtain any missing data. Some of these numbers are estimated. Data comes from city documents.

** GLOSSARY TERMS: "As Is" taxes are the taxes of the property before development. Full Property Taxes are the taxes of the property after development. PILOT means Payment in Lieu of Taxes, which is less than full property taxes. Owner savings is the property tax abatement in dollars and as a percent of Full Property Taxes. PILOT length is the number of years that the PILOT is in effect. Fair Share Mitigation (FSM) fees are monies collected by the City from the developer to cover future infrastructure needs. The school system gets approximately 2/3 of the FSM fees.

*** Residents are calculated as follows: Studios = 1, 1BR = 1.5, 2BR = 3, 3BR = 4.5 (NDC formula) Students are calculted as follows: Studios (*0), 1BR (*0.014), 2BR (*0.141), 3BR (*0.213) (NDC formula)

*Data updating and collection is done by volunteers and may contain the occasional error or miscalculation.

Progress Gallery

11/4/2018


Not much going on...

9/22/2018


They actually did a little work this week

9/7/2018


Looks like work has finally resumed

8/19/2018


Work continues?

8/11/2018


7/14/2018


5/27/2018


4/6/2018


3/31/2018


3/17/2018


3/11/2018


2/19/2018


1/27/2018


1/27/2018


1/27/2018


1/16/2018


12/29/2017


12/29/2017


12/29/2017


9/4/2017


7/1/2016