Rio Alto’s Caruso-Bass Apartment Development is now $2 a square foot

Column: $60,000 ‘casitas’ and giant awnings: Caruso, Bass pitch cheaper homeless units for rent in Rio Alto, New York The City Council approved a $60,000 price tag for 10 caravans and 25 large-area awnings…

Rio Alto’s Caruso-Bass Apartment Development is now $2 a square foot

Column: $60,000 ‘casitas’ and giant awnings: Caruso, Bass pitch cheaper homeless units for rent in Rio Alto, New York

The City Council approved a $60,000 price tag for 10 caravans and 25 large-area awnings along Bayshore Boulevard in the South of Market development in Rio Alto (Roxy).

Cuts were approved in $20,000 increments, and all projects get a boost: The new units, estimated to cost $100,000, are to be built for $2 a square foot.

At one point, the City Council’s Land Use Committee put the price tags on $8 a square foot for a smaller unit in the same design and size. At that time, the unit was estimated at around $75,000.

The city Council, however, has since changed its mind, and now the units are being built for $2 a square foot.

The apartments, which will be built on 15 one- and two-bedroom units, will be on site along with an office and a small shop.

If the units don’t sell, the business of the development, which is part of the New York-based property management G.J. Co., will continue, said Mark Johnson, the company’s CEO.

The apartments will range from 1,200 to 1,500 square feet.

At the moment, the project is estimated at around $200,000, but Johnson said he’s seen interest in it from others in the region.

G.J. Co. is the property manager, as well as the owner of an office building and a warehouse in Rio Alto.

It also manages the apartment buildings in Rio Alto, and the company rents out a unit with two bedrooms in South Street.

In 2010, Johnson’s family was featured in a New York Times article titled “Ranch Living: The Life of a Family’s Dream,” where they talked about the history of the New York-based management company.

The Caruso-Bass apartment development is one in several in the Rio Alto real estate market that have been completed in recent years.

“The city has had

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