News Archive

06/2015

The Real Deal: Eight Aufgang-Designed Buildings Nab 421-a Benefits

June 12, 2015

While the fate of the 421-a tax abatement is still unclear, some developers and architects have been scrambling to get their projects approved and off the ground before the program is set to expire next week. One such architect is Ariel Aufgang. Across three boroughs, eight of his firm's projects have been squeezed through the city's approval process to benefit from the program...

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The Real Deal: Expiration of 421-a Comes with an Uptick in Construction Permits

June 17, 2015

New York CIty developers caused an uptick in the Department of Building's approvals of construction permits as they scrambled before the expiration date of the 421-a tax abatement program. The program has since expired and lawmakers are still negotiating the issue in Albany...

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The Wall Street Journal: Developers Scramble for Expiring Tax Break

June 18, 2015

Just six days before the expiration of a lucrative tax break for real-estate developers, the New York City Department of Buildings issued a flurry of permits for the construction of a 40-story rental tower and shopping complex a few blocks from the Coney Island Boardwalk...

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