According to Matt Assad of The Morning Call, millennials and empty nesters are flocking to Strata Flats to rent the apartments. I suppose that they like the ambience of the 7-11, which is catty corner from the apartments. Demand is so great that Reilly will build additional apartments across from Symphony Hall, which is next to the Hook Restaurant, formerly the Cosmopolitan, once the project gets through city planning. Sure hope the city planners go along with Reilly, I know that they're tough on him. Wonder if they will allow him to use wood frame like he did on the first building? You will also be surprised to know that Alvin Butz's new NIZ Phase 3 passed city approval.
This is the second infomercial that Assad has written for Reilly, promoting his apartments. It's apparent to me that Reilly has found a way to harvest NIZ money from residential tenants. If he isn't somehow tapping their state income tax, I would then be suspicious of the prorations between the residential and commercial portions of the buildings; Understand that nobody checks the NIZ figures, nobody produces or checks financials, and nobody cares. All is fair in love and the NIZ.
shown above Plywood Plaza, aka Strata Flats
above reprinted from November of 2015
ADDENDUM MARCH 11, 2020: The reporter mentioned above has moved on to officially writing press releases for a local commercial development agency. Reilly continues to use wood and plywood framing on his new Walnut Street apartments. Community activists need not worry about inclusionary zoning. Reilly will have to rent the Walnut Street units to the dominant intercity rental market, no millennials will live there.
Very ugly buildings.
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