A new housing development on Moro Street is moving forward after city officials on Tuesday unanimously supported a resolution and economic development agreement with Midtown Holdings, LLC.
The developer is planning an $800,000, five townhome project at 716 Moro called “Moro Flats.” The project will receive $80,000 in the form of a workforce housing sales tax grant and a property tax abatement for 10 years, totaling a little over $10,000 annually.
Manhattan Director of Community Development Stephanie Peterson says the abatement will be based on performance.
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