(RECAP: The rehabilitation of a blighted building on East Broadway into a mixed-use development is moving forward after a vote by City Council Tuesday to allow the project’s apartments to fall below the city’s square footage requirements. “Over the past nearly 15 to 20 years, this property has been a property maintenance nightmare for the city,” City Planner Horace Wade told Council. The building was bought this spring by Larry Cluff, the Richmond-based developer responsible for such historic rehabs as the former Coca-Cola plant in Scott’s Addition. To help finance the East Broadway renovation, Cluff is seeking to use historic tax credits, which in Virginia are administered by the Department of Historic Resources. A DHR review of the East Broadway building found that it had initially contained three apartments on the second floor and that to qualify for historic tax credits, the structure would have to retain that layout. With an estimated rent of $900 to $1,200, none of the units are expected to serve as low-income housing.)
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