New York City Eyes ‘Micro’ Apartments
New York — The apartments in a new Manhattan building boast little balconies, tall ceilings, dishwashers and storage space. All in 360 square feet or less. It’s micro-living in the nation’s biggest city, and New Yorkers could be seeing more of it. Planning officials are proposing to end a limit on how small apartments can be, opening the door for more “micro-apartments” that advocates see as affordable adaptations to a growing...
Report: Wal-Mart Evades Taxes
Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S. securities filings. Overseas operations have helped the company cut more than $3.5 billion off...
21 Water St. Conversion Won’t Change Space, Occupancy
Claremont —The application on the Planning Board’s May 11 agenda for a“condominium conversion” at 21 Water St. will not alter the physical space of the building, one of the investors with Claremont Mill Redevelopment LLC said last week. In a telephone interview Friday, Rusty McClear said that when the renovation of the historic Wainshall building was being planned in 2006, a partnership needed to be formed in order to apply for new...
