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Mount Pleasant, NY
Business
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…
White Plains, NY
Politics
Video: Latimer Speaks Out As Con Ed Natural Gas Moratorium Takes Effect
The day Westchester County developers and elected officials have been dreading is here: the Con Edison natural gas moratorium takes effect on Friday, March 15. Last month, Con Edison announced that the demand for new gas has surpassed its limits in southern Westchester, prompting them to stop accepting new customers beginning on March 15. The announcement led to finger-pointing and panic for many Westchester officials and developers with extensive, multi-million dollar projects in the works. There have been public meetings hosted by the Public Service Comm…
Mount Pleasant, NY
Lifestyle
NY Times Calls Thornwood An 'Unpretentious Place' Where Neighbors Know One Another
A Westchester hamlet has been recognized as an “unpretentious place” with middle-class roots in a real estate piece by the New York Times. The story also highlights the notion that the 1.1-mile municipality of Thornwood in the Town of Mount Pleasant offers more affordable living options than its pricier Westchester County counterparts. With 4,000 residents, Thornwood is expected to undergo numerous improvements later this spring and over the next few years in an effort to “revitalize” several Mount Pleasant hamlets, according to Mount Pleasant supervisor Carl Fulgenzi. Goals include m…
Teaneck, NJ
Real Estate
Apply For Affordable Housing In New Teaneck Development
Twenty-five affordable housing units are available in Teaneck. Windsor Road's Avalon Teaneck -- designed to meet the Township's "fair share" of the growing need for affordable housing in New Jersey -- has one-, two- and three-bedroom apartments available to qualified applicants. Applicants must first qualify on the basis of gross annual income and are subject to a random selection through Piazza and Associates. Amenities include a fitness center with studio space, a courtyard with pool and gas grills, a lounge, a dog park, free WiFi, Amazon Hub lockers, garage parking, bike storage and mor…
White Plains, NY
Real Estate
Hundreds Of New Apartments Proposed For 1133 Westchester Avenue
Developers in Westchester have announced a proposal to create more than 300 apartments in Westchester. Officials announced the proposal to the Common Council late last month. The plan would create 303 apartments in a commercial complex that already includes a daycare center and other businesses on Westchester Avenue in White Plains. Of the 303 proposed units, 10 percent would be deemed affordable, and the building would include solar energy options. According to reports, the development would not require any zoning changes and construction could begin as soon as next year. The proposal cal…
Rye, NY
Real Estate
Affordable Housing Focus Of Expo At Westchester County Center
The Westchester County Fair and Affordable Housing Expo of 2019 is scheduled for Saturday, March 9, and affordable housing resources will be discussed in detail. This year’s expo is taking place at the Westchester County Center (198 Central Avenue) in White Plains between 11 a.m. and 4 p.m. During this time, participants can attend a variety of workshops on subjects like affordable housing, rental housing, resources for down payments, closing costs, property improvements and more. These workshops are designed to answer any number of major questions about the path to homeownership and afford…
White Plains, NY
News
Con Edison Issues Gas Moratorium For Lower Westchester
While Westchester County remains one of the preeminent hotspots for real estate development in the country, Con Edison may be throwing a wrench in developers’ hands with a gas moratorium. Con Edison issued an announcement over the weekend stating that the demand for new gas has surpassed its limits in the Southern Westchester area, prompting them to stop accepting new customers in Westchester beginning in March. “The demand for natural gas in our service area has been experiencing significant growth primarily due to the construction of new buildings, the opening of new businesses, and conve…
Armonk, NY
Real Estate
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…
Pascack Valley, NJ
Real Estate
Nearly 250 Housing Units Proposed For River Vale Golf Course
The Edgewood Country Club in River Vale could soon be redeveloped, paving the way for 249 housing units. If approved by the Joint Planning Board Thursday, the 27-hole golf course would be reduced to 18 holes -- 24 of which would fulfill River Vale's affordable-housing requirement by the state. The remaining 225 units would be 193, three-bedroom townhouses and 32, two- and three-bedroom quadplex units. Those homes have an anticipated market value of between $800,000 and $1 million, according to the applicant, The Fairways at Edgewood, c/o Woodmont Properties. Concerns from …
Bergenfield, NJ
Business
Oritani Bank Works To Make Dream Of Homeownership A Reality
While Oritani Bank has distinguished itself through superior customer service when providing traditional bank accounts and home loans, the bank's Charitable Foundation is working to help make the dream of homeownership possible for everyone, regardless of their financial standing. The OritaniBank Charitable Foundation recently announced that Habitat for Humanity of Bergen County is the recipient of a $50,000 grant, with an additional $50,000 to be matched. The entire grant award will be used to underwrite the cost of building four affordable homes in Township of Washington, New Jersey. “We …
White Plains, NY
Politics
Westchester HS Grad Ocasio-Cortez Bans Press From Town Hall Forum
Does the young Democratic Socialist upstart, upsetter from Westchester and the Bronx support a Free Press, or not? The 28-year-old Congressional candidate banned the news media from a Town Hall meeting after news reporters "mobbed her" during an earlier New York event, according to this report in the Queens Chronicle. Alexandria Ocasio-Cortez tweeted on Monday, Aug. 13 that stops on her listening tour throughout the district, like the one held a day earlier in Corona, are “intended for lively, compassionate discourse with a diversity of viewpoints.” The Democratic candidate and…
Ossining, NY
Business
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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