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Construction Begins On $60M Affordable Housing Development In Westchester Near Train Station Construction Begins On $60M Affordable Housing Development In Westchester Near Train Station
Construction Begins On $60M Affordable Housing Development In Westchester Near Train Station Work has begun on an all-new $60 million development that will include numerous affordable apartments and commercial space located near a Metro-North train station in Westchester. The upcoming development, called The St. Clair, will be located in downtown Yonkers and will include 76 affordable apartments when it is completed, New York Gov. Kathy Hochul announced on Wednesday, Sept. 27.  These units will be affordable to households earning at or below 80 percent of the Area Median Income, according to Hochul's office.  The specific address of the upcoming development was not …

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by Ben Crnic
Real Estate
Nearly $400M In Residential Developments Proposed For Three Westchester Projects Nearly $400M In Residential Developments Proposed For Three Westchester Projects
Nearly $400M In Residential Developments Proposed For Three Westchester Projects A trio of developments have been approved by officials in Yonkers totaling nearly $400 million. The Yonkers Industrial Development Agency (IDA) approved resolutions that will provide financial incentives for three extensive residential projects in the city that represent an investment of an estimated $391 million. It is further estimated that the projects will create 1,300 construction jobs and add nearly 1,000 residential units in Yonkers. At the center of the development plan is Ludlow Point, a $199.7 million investment that is part of the new Ludlow Station Area Master Plan. According to…

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by Zak Failla
Real Estate
New Rochelle Wins $10M Award For Downtown Revitalization Initiative New Rochelle Wins $10M Award For Downtown Revitalization Initiative
New Rochelle Wins $10M Award For Downtown Revitalization Initiative New Rochelle received a $10 million grant after being chosen as the Mid-Hudson winner of the third round of the Downtown Revitalization Initiative. New York Gov. Andrew Cuomo announced this week that New Rochelle has been chosen as one of 10 municipalities throughout the state to receiving the funding that is designed to “help communities boost their economies by transforming downtowns into vibrant neighborhoods.” In New Rochelle, the grant is scheduled to accelerate work on the mile-long Lincoln Avenue Corridor. “New Rochelle's Lincoln Avenue Corridor is an area ripe with potential to app…

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by Zak Failla
Real Estate
Chappaqua Crossing Apartments Officially Open Chappaqua Crossing Apartments Officially Open
Chappaqua Crossing Apartments Officially Open New York State Homes and Community Renewal and Wilder Balter Partners announced the completion of a $21 million affordable housing development in the Chappaqua section of the Town of New Castle.  The Chappaqua Crossing development renovated the historic Reader’s Digest headquarters building to create 64 mixed-income apartments. Developed by Wilder Balter, the sprawling campus will include a variety of retail and commercial spaces and is near the Chappaqua Metro-North train station and Saw Mill River Parkway. During a Thursday June 7 ribbon-cutting ceremony, RuthAnne Visnauskas, commissioner…

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by Jon Craig
Real Estate
Developers Seek To Buy Local YMCA For Arts District In Westchester Developers Seek To Buy Local YMCA For Arts District In Westchester
Developers Seek To Buy Local YMCA For Arts District In Westchester A potential sale of the old YMCA building may have paved the way for the Mount Vernon City Council to review a proposed multi-million dollar transit-oriented arts district on the South Side of the City. Earlier this year, developers proposed the purchase of the property, paving the way for an ambitious development that would be built around the library, a short walk away from the Mount Vernon East Metro-North train station. The proposal was first laid out last year, and it will be presented to the City Council on Wednesday for approval. According to officials, the district will be centered…

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by Zak Failla