REPORTS: Development For Bishop Arts Station Finally Gets Underway
Posted by Kenneth G. Cox on
Early last month, reports surfaced about Alamo Manhattan finally getting underway on the new Bishop Arts Station mixed-use development, which is easily the largest such project to hit the Bishop Arts District neighborhood in recent memory.
Developers first obtained approval for the new project back in March, but working to meet the standards of the Urban Design Peer Review Panel has somewhat slowed progress a bit since early summer.
In addition, as part of the approval, Alamo Manhattan received $11.75 million in tax increment financing, but as part of the agreement, the development must also include a mixed-income residential portion, which could result in 20% of its units remaining affordable for the next 15 years.
According to Alamo…
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