“A six-story, 73-unit building is the latest approval for the "Burling Triangle," a portion of land between Burling Lane and Interstate 95. NewRo Studios is expected to break ground in late 2018 and open in late 2019 … Hammel, of ELD Properties .. presented the proposal … as an "artist live-work space." Hammel said in August that the plans include … 73 studio apartments below market rate, a rooftop music performance space, an art gallery lobby and 3,000 square feet of artist work space in the basement." Lohud

Project Data*

Building
Studios: 73
1BR: 0
2BR: 0
3BR: 0
Affordable: 0
Total: 73
Parking: 0
Stories: 6
Retail Space: 0 sqft
Occupancy
Residents: 73
Students: 0
School: Columbus
Dates
Status: IDA Approved

IDA Approved: 
Planning Board Approval: 11/29/2018
Constr. Start: 10/1/2018
Length: 12 months
Completion: 10/1/2019
Financial
Budget: $17,930,240
PILOT: $2,877,662
Sales Tax Exemption: $500,000
Mortgage Savings: $43,018
NR Tax Incentive: $3,420,680

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.

Progress Gallery

8/18/2018


7/16/2018


6/16/2018


7/1/2016