Tall House downtown and the Boardwalk in Monroe North gain key deadline extensions and tax breaks, respectively.
Excerpts from the story:
City commissioners amended two development agreements last week that will allow two property transactions to add 300 condominiums to the downtown housing stock
Tall House is investing $27 million into the project, which will feature 70 condominiums along with 15,000 square feet of retail space and 25,000 square feet for offices. "Pre-sales are going well," said Mary Witte, a partner with George Haworth in the project.
Parkland Properties, headed by Jonathan Rooks, plans to turn the 230 apartments in the [Boardwalk] building into condominiums and make $2 million worth of investments in it. The building's commercial spaces would remain as leased space.
DDA Executive Director Jay Fowler told commissioners that condos in The Boardwalk would start at $69,000, possibly the lowest sales price in downtown, and would go as high as $199,000.
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