Community Corner
Carnegie Tower Sells 5 Condos Totaling $9.5 Million
The Carnegie Tower Development Company sold five of its tower units to a Rhode Island LLC earlier this week.
might not appear so empty in the coming months after the sale of five of its housing units this week.
According to town records, the Carnegie Tower Development Co. Inc. sold five condominiums or units to Tower Drive Development LLC, a Rhode Island limited liability company, on March 22.
The Tower Drive Development company is listed with the Secretary of State's Office, with a principal office address of 275 7th Ave., 14th floor, New York, New York. The name listed in the town records is James O'Reilly, but there is no mention of his relationship to the company.
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The Carnegie Tower Development Co. sold unit 2B for $2,625,000; unit 602, $905,000; unit 1005, $2,140,000; unit 1201, $2,185,000; and unit 1202 for $1,395,000.
The sale of all five units totals $9,250,000.
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Town records also revealed Carnegie Tower Development Co.'s payment of taxes to the this week. The Carnegie Tower Development Co. has been criticized publicly by town officials for owing the town .
On Wednesday afternoon, Finance Director David Faucher said a payment of the late taxes was "expected imminently."
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