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L.I. developer eyes $7m fix for Greenburgh apartments.

Publication: Westchester County Business Journal
Publication Date: 19-SEP-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A Long Island developer has agreed to keep rents at the 192-unit Fairview Apartments complex in Greenburgh at "affordable" levels in return for at least $449,000 in tax breaks from Westchester County.

Marathon Development Group Ltd. of Manhasset said the tax breaks will make possible a $7 million renovation of the three-building apartment complex, which consists of 90 and 100 Manhattan Ave., as well as 33 Oak St. The renovation will consist of a new roof and new internal systems, as well as new kitchens and bathrooms.

"We're hoping to get started during the first quarter. It will be a 12- to 18-month...

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