“Twining Properties original vision, pitched to the city in 2014, called for a mix of about 450 housing units, about 100,000 square feet of retail, and 100-200 hotel rooms. The property would also feature a waterfront esplanade and more than three acres of open space." (Lohud 9/15/17)

Project Data*

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

Jobs
Construction: 
Permanent FT: 
Permanent PT: 
Dates
Status: Proposal State

Planning Board Approval: 
IDA Approval: 
Constr. Start: 
Length: 0 months
Completion: 
Tax Incentives
"As Is" Tax: $
Full Property Tax: $
PILOT: $
Owner Savings: $
PILOT (yrs): 

Mortgage Tax Exemption: $
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

7/1/2016


7/1/2016


7/1/2016


7/1/2016


7/1/2016