Q&A
Current occupancy and relocation plans for 23-01 Steinway Street development site
0:34:21
·
66 sec
Council Member Tiffany Cabán inquires about the current occupancy of the 23-01 Steinway Street development site and the relocation plans for existing tenants. Attorney Richard Lobel provides information on the status of the businesses and residential units.
- The auto body shop is owned and operated by the property owner.
- The restaurant space is currently unoccupied.
- Two residential units have tenants on limited leases, aware of potential future redevelopment.
Tiffany Cabán
0:34:21
According to the application, the development site is is and you you spoke about this.
0:34:24
It's currently occupied by the auto repair business a restaurant and 2 residential units.
0:34:29
Are all of those spaces still occupied?
0:34:30
And are are the businesses and tenants aware that they're gonna have to relocate for the construction?
Richard Lobel
0:34:37
Oh, so the the owner owns and operates the auto body shop so they No.
0:34:42
You know, they are aware.
0:34:44
My understanding is that the restaurant is currently not tenanted.
0:34:48
And so so the would, you know, the space is available.
Tiffany Cabán
0:34:55
What about those 2 residential units?
0:34:57
Yeah.
Richard Lobel
0:34:59
I think that the the residential tenants are were under limited leases, and so those leases would be up well prior to any proposed development here.
0:35:09
Again, this project would be a 4 would likely come under a tax abatement application as well.
0:35:15
So we've got a long leeway as far as that's concerned.
0:35:18
But, you know, I know that the owner maintains a good relationship with the tenants, and they're aware of the potential for redevelopment at some point in the future.