Marvin Schein’s Salmar Properties says that a deed restriction it received in exchange for millions in tax breaks no longer makes financial sense. The landlord, which agreed to set aside 85 percent of the Liberty View Industry Plaza for manufacturing tenants, sent a letter to the city’s Economic Development Corporation in an effort to renege on the deal, according to Gothamist. Schein cited a report from Goldman Sachs that found that the financial returns are […]
source https://therealdeal.com/2019/05/31/salmar-properties-trying-to-renege-on-sunset-park-manufacturing-requirement/
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