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New Hampshire Lofts incentive review set for Wednesday
Public Incentives Review Committee will decide if developer Tony Krsnich earns a 15 year 95 percent property tax rebate under the Neighborhood Revitalization Act and a sales tax exemption for construction materials to advance the New Hampshire Lofts project in downtown Lawrence. The plan calls for 50 affordable housing units for residents 55 and older atop about 15 000 square feet of ground floor commercial space. The four story building sits on the Allen Press properties site and resembles the Penn Street Lofts project. A tenant for the first floor commercial space hasn’t been secured yet with Krsnich aiming for a mix of office and restaurant uses pending occupancy commitments.
MENTIONED IN THIS ARTICLE
Lawrence
Tony Krsnich
New Hampshire Lofts
Lawrence City Commission
Krsnich
The
Journal-World
Allen Press
New Hampshire St
Penn Street
East Lawrence
Warehouse
PIRC