Public and private partners in an affordable housing development in Yonkers recently joined in the ceremonial opening of 330 Riverdale, a 137-apartment, $54.4 million project on the city”™s southwest side.
Built for working families by L+M Development Partners Inc. in Larchmont, 330 Riverdale is a 12-story tower with studio and one-, two- and three-bedroom units and more than 200 parking spaces. Individuals and families with incomes no higher than 60 percent of the Westchester County area median income for households are eligible tenants. Twenty percent of the units will be set aside for those earning no more than 50 percent of the area median income.
L+M dedicated space in the building”™s community room as a business center to provide residents with wireless computer and library resources for job training and education. Space will also be set aside for one-on-one job training sessions with representatives from local employers.
Partnering with L+M and the city of Yonkers to finance the project were the Yonkers Industrial Development Agency; the Westchester County Planning Department; the state Housing Finance Agency, an affiliate of the state Homes and Community Renewal agency; Community Development Banking and Bank of America Merrill Lynch.
Ron Moelis, co-founder and CEO of L+M Development Partners, in a statement said project financing closed in December 2008, “during what was perhaps the lowest point of the recession, yet our close collaboration with the city of Yonkers, the county, the state and our investment partners still allowed for the successful creation of high-quality, affordable living opportunities for local families in need and has further helped to stimulate economic growth downtown.”
Residents are scheduled to begin moving into 330 Riverdale later this summer.
The Riverdale project is the first of multiple investments planned in Yonkers by L+M Development Partners. The affordable housing developer in April joined its public and private partners in another groundbreaking at 49 N. Broadway, a 92-unit development near Getty Square that will be ready for occupancy in late 2012 or early 2013.
Sleep lab gets accreditation
Tarrytown-based Night and Day Sleep Services L.L.C. recently received American Academy of Sleep Medicine accreditation for its Staten Island sleep lab as a sleep disorders center.
A division of ENT and Allergy Associates L.L.P. in Tarrytown, Night and Day operates seven sleep labs in metropolitan New York and New Jersey. Five of the facilities are hospital-based sleep centers and nationally accredited by the AASM. The four-bed Staten Island center opened last October.
Night and Day provides comprehensive sleep examinations and treatment options for sleep disorder breathing.
Acorda”™s Cohen named an exec of the year
Ron Cohen, president and CEO of Acorda Therapeutics Inc. in Hawthorne, recently received the 2011 Stevie Award for Executive of the Year in the health products and services category at the 9th annual American Business Awards ceremony.
Acorda also received a Stevie Award for best website in the website and blog/pharmaceuticals category.
“In particular, we”™re gratified to have been recognized for our corporate website,” Cohen said in a company news release. “We created the site to reflect the passion of the people who work at Acorda and their dedication to its mission of restoring function to people with neurological disabilities.”
