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Westchester County Industrial Development Agency

Real Estate
Westchester Sets Aside $5.7M For Land To Build Affordable Housing On: Here's Where Westchester Sets Aside $5.7M For Land To Build Affordable Housing On: Here's Where
Westchester Sets Aside $5.7M For Land To Build Affordable Housing On: Here's Where Westchester County officials have allocated $5.7 million to purchase land that will be used for planned affordable housing construction projects.  The allocations were made official by Land Acquisition Acts signed by Westchester County Executive George Latimer, county officials announced on Wednesday, Feb. 7. Under the acts, $2.7 million was set aside for the purchase of land in Yonkers, while $3 million was allocated for the purchase of land in the Village of Ossining. Both properties will be used for the construction of affordable housing that will be marketed and leased to…

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by Ben Crnic
Real Estate
Tax Exemption Given To Office, Retail, Apartment Development In Westchester Tax Exemption Given To Office, Retail, Apartment Development In Westchester
Tax Exemption Given To Office, Retail, Apartment Development In Westchester Westchester officials are considering financial incentives for several major affordable housing and retail developments in the county that are expected to generate commercial activity.  During their meeting on Friday, Feb. 24, the Westchester County Industrial Development Agency (IDA) voted for the final and preliminary approval of financial incentives for two major developments in Downtown White Plains and began consideration of tax exemptions for a third, the agency announced in March.  The agency voted on the final approval of $481,562 in additional sales tax exemptio…

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by Ben Crnic
Real Estate
$95M Apartment Complex Planned For Westchester Avenue In White Plains $95M Apartment Complex Planned For Westchester Avenue In White Plains
$95M Apartment Complex Planned For Westchester Avenue In White Plains A $95 million development will replace a parking lot across from a busy office building in the heart of Westchester County's I-287 corridor. The Westchester County Industrial Development Agency (IDA) approved measures to provide financial incentives for the complex that would be constructed at 1133 Westchester Ave. in White Plains. According to the IDA, the complex would be comprised of three separate five-story buildings on a 20-acre site with a total of 303 one- two- and three-bedroom apartments. Of those units, 19 would be deemed affordable. The amenities planned at the site include a …

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by Zak Failla
Business
Westchester IDA To Consider Incentives For $1B In New Projects Westchester IDA To Consider Incentives For $1B In New Projects
Westchester IDA To Consider Incentives For $1B In New Projects The Westchester County Industrial Development Agency is considering granting a series of incentives for three large-scale projects throughout Downtown White Plains that would result in more than $1.2 billion in new developments, as discussed on Friday, March 29. Two of the projects will create 1,674 new multifamily units. The third project will provide 132 independent living units. First on the IDA’s agenda is the proposed White Plains Mall redevelopments, which would feature approximately 860 rental apartment units in multiple buildings with 10 percent marked as affordable. The $600 milli…

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by Valerie Musson
Business
Avon Laying Off 100 Workers, Closing Operations In Westchester Avon Laying Off 100 Workers, Closing Operations In Westchester
Avon Laying Off 100 Workers, Closing Operations In Westchester Avon Products Inc. announced it is laying off about 100 employees in its Rye data center, closing the rest of the Rye operations over the next year and consolidating U.S. operations in Suffern. Avon CEO Jan Zijderveld cited the company’s international focus in a press release, attributing the actions to a strategy of “simplifying our U.S. operations,” “providing fuel for growth” and becoming “more fit for purpose.” A state Department of Labor notice put the number of data center employees being affected at 105. Their work in Rye will cease by the end of this month, and their jobs will be ph…

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by Daily Voice
Business
Dannon To Move Into New $30M Westchester Headquarters Dannon To Move Into New $30M Westchester Headquarters
Dannon To Move Into New $30M Westchester Headquarters The finishing touches are being put on the new Danone company building in White Plains, and next month some 400 employees will be moving from their current Greenburgh location to the new digs. "It's a fabulous space," Michael Neuwirth, a spokesman for Dannon. "It's going to be an exciting move." The owner of Dannon yogurts, Evian water, and other food products, the company announced Thursday that the new $30 million headquarters are almost complete and all should be ready in June. The new 85,000-square-foot building, located in the "The Premises," on Maple Ave…

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by Kathy Reakes