...the rent controlled tenants at 122 Strand Street quietly took buy-outs and moved out over the last few years. The new owners of the parcel are now moving forward with plans to demolish the four apartments and replace them with three condominiums that will likely sell for millions of dollars. “It is something that should be a red flag across the city,” Commissioner Richard McKinnon said before the Planning Commission approved plans for the project Wednesday night

Along with McKinnon, Commissioners Jennifer Kennedy and Amy Anderson urged City staff to look into potential policy decisions that could curb the conversion of rent controlled buildings to condominiums.

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