The 421-a cut-off has now come and gone and we can safely report that Avalon Myrtle Fort Greene, the 42-story, 650-unit rental development at 159 Myrtle Avenue, made it safely to the other side. Anyone know how the 421-a rule works for a rental building? Does the owner just reap all the benefits?
Foundation Push at Avalon Myrtle [Brownstoner] GMAP
Development Watch: 159 Myrtle Avenue [Brownstoner]
Myrtle Building Boom from Above [Brownstoner]
So That’s What Avalon Myrtle Will Look Like! [Brownstoner]