The Real Deal New York

Developer proposes mixed-use building with luxury rentals in Pelham

December 20, 2018 09:48AM

Yonkers-based developer Pelham RE Partners hopes to raze a one-story building in Pelham and construct a six-story, mixed-use one, LoHud reported. The development would house 35 luxury rentals, three penthouses and retail space, in addition to onsite parking, according to the outlet. The existing building at 139 Fifth Avenue houses five businesses, including a sports bar and a nail salon. “The site has great potential,” developer Ruben Guerrero told the Village of Pelham Board of Trustees. “We’re looking at developing something that is going to be invigorating for the village and hopefully become a point of attraction and a great benefit for residents.” [LoHud]