sandsonik t1_isynlg8 wrote
Reply to comment by m1327 in $29 million tax treaty for 'Superman building' in Providence moves closer to approval by cowperthwaite
You're wrong. $1384 is the price for a studio in one of the small number of units that will be set aside for affordable housing. The market rate for that 400-600 sf studio will be over $2000. $1384 for a studio isn't particularly affordable, IMO.
But worse, it re-sets the pricing bar for all other landlords. Expect $2000k+ to be the new norm for a one bedroom in PVD.
cowperthwaite OP t1_isyos6f wrote
"Also by comparison, the Regency Plaza apartments on Washington Street range in price from $1,350 to $1,840 for a studio, $1,495 to $2,355 for a one-bedroom, $2,195 to $4,600 for a two-bedroom and $2,390 to $3,245 for a three-bedroom."
From a story on apartments on Atwells:
According to a listing from realtor.com, at least one of the one-bedroom apartments in the building on Hewitt Street, at 432 square feet, is being rented for $1,825 a month.
heathervive t1_iszxc6t wrote
I moved to Brooklyn in September from providence after being in providence for 7ish years. I was blown away by the apartments in Brooklyn and how so many were the same price as providence. Def $2k will be the new norm for a 1 bedroom in providence. Its pretty terrible.
degggendorf t1_itq529i wrote
> You're wrong. $1384 is the price for a studio in one of the small number of units that will be set aside for affordable housing.
How does that make them wrong? The first person said the lowest tier is 2k/month. That isn't accurate; the lowest tier actually is $1,384.
There being too few units in that lowest tier doesn't change that fact that it's the lowest.
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