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The Garden Street building is a departure from most IDA-supported projects, in that all 219 apartments will be rented as affordable housing, and many tenants will have incomes significantly less than average for the region.
The subsidy was added to the developer’s proposed 25 Maple Avenue project, but the extra work will be done about six zig zag blocks away at Anderson Street.
The development will feature 380 units of housing -- 25% of it affordable – along with 6,200 square feet of retail space, a parking garage with 160 parking spaces, and an outdoor pool on the 25th floor.
The proposed projects would add nearly 1 million square feet of residential and retail space, provide 839 downtown apartments and cost about $369 million to build.
The development is designed to serve households with income levels ranging from 40% to 80% of the area median income.
Patricia Milhaven lives in the 64-unit complex with Penny, a 3-year-old, 43-pound female English bulldog, who has been the subject of several complaints.
Together, four developments are budgeted for $689.4 million and could receive $109.5 million in tax incentives over 20 to 30 years.
A $21 million project from Wilder Balter Partners brings 64 mixed-income apartments to the iconic building that once served as the Reader's Digest global headquarters.
Cuomo's office said $37.2 million will fund the project in the region as part of a $200 million state effort that will build more than 2,8000 affordable apartments across New York.
Standing in what’s left of the corner office where DeWitt and Lila Wallace, the co-founders of Reader’s Digest, built a media empire starting in...