Interesting
article from the Spec today on this project. Can't say I agree with them. It is not the tenants right to live on a landlords property. It's the owner of the land who is putting up all the risk. If they want to renovate/redevelop and charge a higher rate, it is entirely in their right to do that. People paint landlords as the devil incarnate, couldn't be farther from the truth though.
With that being said, it would seem Medallion is playing quite fair here and will be offering displaced tenants units at a similar rate as before. Whether they chose to wait the few years it will take to build the new building is another matter.