A property in the Village of Pelham that has been approved for development of a mixed-use building has been sold. Plans to develop the site at 163 Wolfs Lane, next to the Pelham Picture House movie theater, had been under review by Pelham in 2019.
The development proposal came from Concrete Ventures LLC, located in Mamaroneck. The proposal involved a new five-story mixed-use building, including approximately1,400 square feet of ground floor retail space. The plans called for 27 apartments on the upper floors and one level of underground parking. There would be 13 one-bedroom apartments, 11 two-bedroom units and three two-bedroom penthouses that would have dens and terraces. There would be 34 parking spaces in the garage.
A gym and lounge area for the building tenants would be located on the first floor, along with a rooftop terrace space for tenant use. The developer said it would market to young professionals and downsizing adults looking to live in a walkable community such as Pelham and emphasized that the property was located on a few blocks from the Metro-North train station in Pelham.
Houlihan Lawrence Commercial, a division of Houlihan Lawrence, reported that the property was sold for $2,100,000. According to records on file with the Westchester County Clerk’s Office, the seller CV 163 Wolfs Lane LLC has the same address in Mamaroneck as Concrete Ventures LLC. The seller was represented by Garry Klein, associate broker and regional manager of Houlihan Lawrence Commercial. Houlihan Lawrence identified the buyer as James Smithmeyer, principal, JMJ Contracting and Development LLC. He was represented by Bill Eisenhut, director, Cushman & Wakefield.
During the proposal review process concern was expressed over the proposed building’s height and scale compared with neighboring buildings. There was concern about the building possibly overwhelming the Pelham Picture House next door or the houses in back of it. The developer modified what had been originally proposed by stepping back the top two floors to lessen the perceived height, reconfiguring the exterior to better match the Pelham Picture House movie theater, adding five feet of setback in the back to lessen the impact on houses, and providing a detailed landscaping plan to offer buffers on the side and in the back
