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Instead, they will be borrowing from banks in an apartment building kind of model, where you build the building, rent out the apartments and break even after a certain amount of time.
The company has pledged to keep the theater in the building rent free, even if the building is sold.
Lofts in Mr. Gilmore's San Fernando Building rent for around $1.50 a square foot.
Private apartments in the building rent for $3,200 to $15,000 a month.
The most expensive one-bedrooms in the building rent for $1,800 with one month free, which translates to about $1,650.
Steve Morrow, director of office leasing for the landlord, the Rockrose Development Corporation, refused to discuss the details, but said the higher floors of the building rent for more than $100 a square foot.
Similar(45)
Under the deal announced on Tuesday, Steinway can continue to use its showroom and other space in the building rent-free for 14 months after the deal closes.
City officials lured a Sacramento restaurateur to open an upscale bistro, in part by offering space in a historic downtown building rent-free for five years.
Performance Space 122, for example, uses a former school building rent-free in exchange for maintaining it, an option that was not extended to Charas.
David Ng, a Manhattan lawyer who frequently represents tenants, said there are three types of rental tenants who may be living in a co-op building: rent-regulated tenants, so-called Martin Act tenants and tenants whose rent is not regulated.
The family lived in a cramped single room with a tiny window in a Gandhi Nagar building rented to poor workers.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com