Development Watch: Foundation Push at Avalon Myrtle

Things have been moving rapidly at the Avalon Bay project at 159 Myrtle Avenue since we checked in back in March. And that's a good thing too, with the 421-a deadline of June 30 fast approaching. There's still some work to do, it looks like. Think they'll make it?
Development Watch: 159 Myrtle Avenue [Brownstoner]
Myrtle Building Boom from Above [Brownstoner] GMAP
So That's What Avalon Myrtle Will Look Like! [Brownstoner]

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from the pic it seems they got their footing in so i guess they got the 421a

Posted by: guest at June 2, 2008 12:08 PM

12:08 is right. Done deal.

Posted by: HDL at June 2, 2008 5:17 PM

Avalon Bay is a rental building, so the 421-A tax abatement won't be passed onto renters like it is to owners.

Posted by: guest at June 2, 2008 11:54 PM