Monday, September 19, 2005

Developers maximize tax breaks before conversion

Scott Henniger and his wife Tracey's apartment has been gutted.
When work is complete, the place will be expanded with new floors, new rooms and added amenities. In fact, it won't be an apartment anymore at all -- it'll be a condominium.
After six years as renters in the Shrine Building, the Hennigers faced the question to buy or not to buy. It's a question facing a growing number of Downtown renters, as one apartment building after another makes the conversion to condos to meet a seemingly insatiable demand for private residential property in the city's core.
See Full Story...MSN Money

No comments: