Nassau gives nod to Garden City apartment tax breaks

New York /
Apr.April 08, 2019 03:18 PM

Nashville-based Southern Land Company has successfully petitioned Nassau County to negotiate preliminary tax breaks for the development of 150 apartments in Garden City, according to Newsday, which noted that the proposed multifamily development would be the municipality’s first in almost 60 years. Southern Land had sought tax relief last month from the Nassau County Industrial Development Agency to construct a four-story building with 150 luxury apartments on a vacant lot at 555 Stewart Avenue across the street from the Roosevelt Field shopping mall. The Garden City Board of Trustees granted approval for the project last summer after implementing a new zoning law that called for the building’s height not to exceed 45 feet. Newsday reported that the proposed complex includes 15 units earmarked for affordable housing. Garden City is under a 2014 consent decree that requires 10 percent of new development units to be set aside for low-income tenants after a federal court found the village lacked enough affordable housing, according to the outlet. [Newsday]

 

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