Printhouse apartment developers break ground in New Rochelle

Megalith Capital Management and partner East & Hudson broke ground on Aug. 16 for The Printhouse, a six-story, 71-unit apartment building in downtown New Rochelle.

The Printhouse is being built at 165 Huguenot St., next to Trump Plaza, across the street from New Roc City entertainment complex and a quick walk to the Metro-North Railroad station.

The name is inspired by the property”™s previous use. Lloyd Machinery Ltd., which sold and serviced graphic arts machinery, occupied the office building that was razed to make way for the apartments.

Anup Misra of East & Hudson said last year that the apartments are designed for millennials who are priced out of Manhattan and Brooklyn and who want a quick commute to the city.

It will feature lots of technology and creative spaces, he said.

The building will have studios, one-bedroom and two-bedroom units. Seven units will be priced below market rates.

There will be a rooftop terrace, lounge, fitness center and plenty of parking. The ground floor will have retail space.

East & Hudson is based in Mount Vernon and was founded by Misra, an architect, and Stanley Conway, a real estate broker. It is also working on Ten Com, a 9-story, 200-unit apartment building at 10 Commerce Drive, New Rochelle.

Megalith is based in Manhattan and has a portfolio of more than 1 million square feet of condominiums and apartment buildings valued at $1.3 billion.