The developer of a proposed four-building complex on the former Wheatena property on Elizabeth Avenue is seeking a Payment In Lieu Of Taxes (PILOT) to the city that would average about $1 million annually for 30 years.
Continue reading Council to consider PILOT for Meridia Brownstones
Tag Archives: Elizabeth Avenue
Proposal for Wheatena runs into ‘issues’
The developer behind a concept to build several hundred residential units at the former Wheatena site has discovered some issues in the title search but also estimates environmental cleanup costs could be more than originally expected.
In his report submitted to Redevelopment Agency ahead of their scheduled May meeting, Executive Director Peter Pelissier updated commissioners on the proposed Brownstones development targeted for the former Wheatena site at West Grand and Elizabeth avenues. Continue reading Proposal for Wheatena runs into ‘issues’
Elizabeth Avenue parcel wins tax judgment
A commercial warehouse property on Elizabeth Avenue will get a nearly 24-percent break on its 2013 property tax bill as a result of a state tax court judgment. Nearly 120 properties had successful appeals at the county level, resulting in some $182,000 in refunds for the 2013 tax year.
Developer close to acquiring Wheatena lots
The developer behind two downtown projects is close to acquiring properties comprising the former Wheatena site for a possible 400-unit development.
Park Square tax appeal settlement
Park Square, the 159-unit rental complex downtown that was purchased last month, reached a tax appeal settlement with the city in October, which reduced its assessment by more than a third.
Mack-Cali acquires Park Square for $46.5M
Seven years after breaking ground on its first phase, Park Square has been acquired for $46.5 million.
Redevelopment agreement OK’d for Wheatena site
Weighing options on Wheatena
As negotiations over acquisition of the former Wheatena property slow down, the Redevelopment Agency is waiting but keeping its options — including condemnation — open.