EDIC backs transfer and extension for 22‑unit Lenin Lofts redevelopment
The committee supported transferring the previously approved Lenin Lofts project to a new owner and granting additional time to begin demolition and construction on the 22‑unit redevelopment after the original developer withdrew; the motion passed by voice vote.
The full story
The EDIC supported a transfer and time extension for the Lenin Lofts redevelopment, a previously approved 22‑unit apartment project that includes a five‑year Renaissance zone exemption plus an additional five‑year property tax exemption under the TIFF structure.
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