Rivington Company is eyeing a new apartment building at its new Financial District development site. At its newly acquired 140 Fulton St, Rivington is planning 99 apartment units and 12,300 square feet of commercial space on the site, according to its website. The finished building is slated to span 136,800 square feet. Developments of just under 100 units have become more common as city tax incentives make smaller buildings more attractive. The city’s 485-x program offers a tax abatement for multifamily construction, but buildings with 100 or more units need to pay higher construction wages to take part in the […]

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