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Commercial Space

Real Estate
Work Nears Completion On 28-Story Apartment Tower In Westchester Work Nears Completion On 28-Story Apartment Tower In Westchester
Work Nears Completion On 28-Story Apartment Tower In Westchester Developers marked a significant milestone in the construction of a 28-story residential tower in the downtown section of a Westchester County city.  A "topping out" ceremony was held on Friday, Sept. 20 to celebrate the completion of the final floor of 247 North Avenue, an upcoming apartment tower in downtown New Rochelle developed by LRC Construction.  The development will include 307 luxury rental apartments in studio to two-bedroom layouts, with 31 of these units reserved for households earning 80 percent of the area median income.  The tower will also feature 1,800 squar…

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by Ben Crnic
Business
Developer Closes Deal On 203-Unit Mixed-Income Housing Parcel In Westchester County Developer Closes Deal On 203-Unit Mixed-Income Housing Parcel In Westchester County
Developer Closes Deal On 203-Unit Mixed-Income Housing Parcel In Westchester County A major real estate developer has closed on the purchase of a fully-entitled parcel in Westchester County that is planned to be a mix of rental housing, retail space, and community facilities. The Hudson Companies (Hudson) acquired a parcel in Port Chester located at 27-45 North Main St. (Route 1) and 28 Adee St. that will be developed into 203 mixed-income residential units in addition to commercial space, according to an announcement by the company from Wednesday, Nov. 9.  The future development, which has not yet been named, will feature a mix of studio, one-bedroom, and t…

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by Ben Crnic
Business
Locals Split Over Proposed $70M Project In Area Locals Split Over Proposed $70M Project In Area
Locals Split Over Proposed $70M Project In Area Newburgh is considering a plan to build a $70 million waterfront development project, which would be the city's largest in decades.  The mixed-use plan along the Hudson River includes dozens of apartments, affordable housing units as well as commercial space, according to Alembic Community Development Co. Project Manager Karuna Mehta presented the multi-million dollar to the Newburgh City Council last week. "An innovative community use for the building something that'll help the residents of Newburgh, but also something that will attract attention to the Hudson Valley," Mehta sai…

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by Jon Craig
Business
What Now After Westchester Pavilion Mall Project Stalls? What Now After Westchester Pavilion Mall Project Stalls?
What Now After Westchester Pavilion Mall Project Stalls? Nearly two years after a $275 million development project at the old Westchester Pavillion mall in White Plains was approved, the city continues to wait for progress from developers. A development to replace the mall, featuring two, 24-story residential towers was expected to bring up to 1,400 new residents to White Plains once completed. Instead, development has stalled as they await a new plan for the site from developers. The plan called for the mixed-use development to include 707 rental apartments, 16,500-square-feet of restaurant space, 77,340-square-feet of retail space and 93,840-sq…

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by Zak Failla