NEW ROCHELLE | Centre Avenue Lofts | 2 x 14 FLOORS


#1


Rendering


Existing Conditions. Occupied by two parking lots.

SOUTH TOWER:

  • 14-story, Mixed-use
  • 116 Residential Units (10% Affordable)
  • 5,092 Sq. Ft. Commercial Space

NORTH TOWER:

  • 14-story, Mixed-use
  • 169 Residential Units (10% Affordable)
  • 11,067 Sq Ft Commercial Space

On February 27, 2019, Cuddy & Feder Land Use Attorneys Anthony B. Gioffre III and Kristen Motel secured Site Plan Approval from the New Rochelle Planning Board for construction of two 14-story mixed use buildings in the City’s Downtown Overlay Zone. The buildings will contain a total of 285 rental apartments and will be connected by a private pedestrian skybridge spanning Centre Avenue. The redevelopment also includes the remediation of a New York Department of Environmental Conservation Brownfield Cleanup site, where a fully attended valet six-story parking structure will be constructed to accommodate parking for the residential units and retail spaces, as well as providing additional municipal parking.

Designed by S9 Architecture


#2

https://westfaironline.com/111656/new-rochelle-ida-approves-14m-tax-help-for-90-5m-apartment-complex-project/

The New Rochelle Industrial Development Agency (IDA) has endorsed $14 million in proposed tax relief for a $90.5 million apartment complex at Huguenot Street and Centre Avenue.

Huguenot Partners has budgeted $11.4 million for land. That includes more than $6.7 million for city parcels at 327 and 339 Huguenot St., $1.75 million for 33 Centre Street, and $1 million to clean up the Centre property. It will pay $851,340 to the Community Benefit Fund, for the right to build 14-story buildings instead of 12-stories.

The firm is asking for a $600,000 mortgage tax exemption and more than $2 million sales tax exemption during construction. A proposed 20-year property tax abatement would save the developer nearly $11.5 million.