A 14 story mixed-use building with 144 apartments, plus some retail and office. The developer requested a Community Benefit Bonus to build two additional stories. They may opt to provide 21 additional parking spaces on site for public parking.

Project Data*

Building
Budget: $0
Studios: 48
1BR: 72
2BR: 24
3BR: 0
Affordable: 14
Total: 144
Parking: 122
Stories: 14
Retail Space: 4280 sqft
Occupancy
Residents: 183
Students: 5
School: 

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

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

Mortgage Tax Exemption: $0
Fair Share Mitigation: $184,908

Data Last Updated: 11/7/2018

*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

9/6/2018


Site Plan

9/6/2018


Rendering courtesy architect

9/6/2018


Rendering courtesy architect

8/15/2017


Photo courtesy Google Streetview