Landmark: developer reduced abatement request and emphasizes long-term homebuilding goals
Charlie Roth of Landmark Properties told the DDA the developer substantially reduced its original tax-abatement ask to make the Gateway project financeable and said the design aims to attract longer-term residents, which the company argued could spur retail growth despite the consultant’s negative fiscal findings for residential-only projects.
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Charlie Roth, representing Landmark Properties, described the Gateway project as a highly visible entry-point development and said the applicant has reduced its original abatement request to a smaller, financeable ask. "Our ask is now commensurate with that," Roth said, noting the developer trimmed its initial request to improve feasibility.
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