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The subsidy was added to the developer’s proposed 25 Maple Avenue project, but the extra work will be done about six zig zag blocks away at Anderson Street.
Commercial real estate services and investment firm CBRE has announced the sale of a 2.02-acre site in New Rochelle where a 334-unit residential development...
The proposed projects would add nearly 1 million square feet of residential and retail space, provide 839 downtown apartments and cost about $369 million to build.
“When this happens, it will be completely transformative," Luiz Aragon, commissioner of development said. "It will change how people perceive our city.”
Huguenot Partners LLC proposed a 28-story structure at Huguenot Street and Centre Avenue and Mill Creek Residential Trust LLC presented plans for an 8-story structure at 24 Maple Ave.
The building will be named The Grand, after the name of the street that bisects the triangle, and it will be the fifth of seven apartment buildings proposed by Anthony and William Hammel.
The 285 apartments will be “fairly compact” by Westchester standards, but larger than typical New York City apartments.
The private college disclosed to bondholders in December that it is has reached a memorandum of understanding for “a potential strategic transaction” with an unnamed educational institution.
Plans call for a mix of studios and one-, two- and three-bedroom options, as well as 22,000 square feet of retail space near Iona College.
The New Rochelle Industrial Development Agency granted the tax benefits on Sept. 26 to New Rochelle Birch Development LLC of Bayside, Queens.
Together, four developments are budgeted for $689.4 million and could receive $109.5 million in tax incentives over 20 to 30 years.
The New Rochelle Industrial Development Agency has amended a tax abatement deal to protect itself against the possibility that a portion of the $48 million 70 Nardozzi Place project isn’t built.
“This is one of my happier moments,” Charles B. Strome III, chairman of the city’s Industrial Development Agency, said at a meeting about plans for 70 Nardozzi Place.
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