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Article: Baseball star leads drive to renovate Bronx homes.(Construction & Design)
- Article from:
- Real Estate Weekly
- Article date:
- March 9, 2005
CopyrightCOPYRIGHT 2005 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The city and New York Met, Mo Vaughn, and his company, Omni New York LLC, will purchase and renovate two apartment developments in the Mott Haven section of the Bronx.
The purchase is being made possible through a $28.6 million New York City Housing Development Corporation (HDC) loan of which $5 million will be used to renovate 300 apartments in once neglected Bronx developments.
As the new owners of the developments, Omni New York LLC will install new kitchen cabinets and new floors in apartments, tiles, tubs and toilets in bathrooms, boilers, hot water heaters, make electric, plumbing upgrades and install security cameras. The average rent for each ...